The Difference Between a REALTOR® and a Real Estate Agent

Many people are not aware that the terms REALTOR® and real estate agent are different titles.  If you are entering the housing market for the first time, it’s important to know what you will get from a REALTOR® versus a real estate agent.  While they are both licensed to sell real estate, each professional offers different values for homebuyers.  

If you are browsing the housing market and want help from a professional, follow our tips for choosing between a REALTOR® or real estate agent.

What is a REALTOR®?

A REALTOR® is a real estate agent who is a member of the National Association of REALTORS®.  They act as an intermediary between sellers and buyers of real estate while also following the REALTOR® Code of Ethics.  As a member of the National Association of REALTORS®, a REALTOR® must uphold the standards of the association.  The NAR’s Code of Ethics consists of principles that require REALTORS® to cooperate with each other to further the best interest of consumers and clients.  This includes treating all parties fairly, giving equal opportunity and upholding fair housing standards.

More than 1 million members of the National Association of REALTORS® are employed across the country.  REALTORS® must hold a valid real estate license, be actively engaged in the real estate business and have no record of unprofessional conduct.

What is a real estate agent?

A real estate agent is anyone who is licensed to help people buy and sell commercial or residential property.  In order to obtain a real estate license, agents must complete a minimum number of classes and a pass an examination prescribed by the state.  State requirements vary but anyone who earns a real estate license can be called a real estate agent.

Many real estate agents join the National Association of REALTORS® and become REALTORS® because of the great reputation members are known for having throughout housing market.  

When you are looking for a real estate professional, it is wise to work with a member of the National Association of REALTORS® who is committed to maintaining the professionalism of the real estate business.  At Three Rivers Association of REALTORS®, we are a professional trade association of over 1000 licensed REALTORS®.  We strongly believe in what the National Association of REALTORS® stands for including honesty, ethics and superior service for both buyers and sellers.  If you are a REALTOR® in Illinois, contact Three Rivers Association of REALTORS® to learn more about our services!