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What is the difference btwn realtor and real estate agent?
I'm not sure if I need a realtor or a real estate agent when selling my house.
Asked By Tim S. | Oneida, IL | 522 views | Working With An Agent | 2 years ago
Answer(5)
Al Maxwell
eXp Realty
Both are licensed to represent you. Most agents are REALTORS which means that they are members of the National Association of REALTORS and members of a local board of REALTORS. Realtors subscribe to a strict code of ethics. REALTOR is a two syllable word pronounced REAL-TOR, and not REAL-A-TOR.
- 2 years ago
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Santiago Valdez
Compass - Chicago - River North (Kinzie)
Hi Oneida, its a bit of a technical difference; the realtor is a member of an organization for real estate agents. A real estate agent is just that and licensed by their local governance. Most multiple listing services, where agents share information on properties for sale, require that real estate agents be realtors to access the information. That is why in the residential field, almost all real estate agents are realtors.
- 1 year ago
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Kuwana Norman
Purvey Properties, Inc.
Tim,
The only real difference is that a Realtor is a member of the National Association of Realtors (NAR) and must comply with at code of ethics and take ethics training periodically. All real estate agents do not have to be members of NAR, but most are members.
- 1 year ago
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Jacob Steenrod
Serenity
Good question Tim! A realtor and real estate agent both have equivalent licensing and are essentially identical for all intensive purposes. The differentiating factor is that a Realtor is a member of the National Association of Realtors and is held to the National Association of Realtors code of ethics. Disclaimer: Most real estate agents are realtors.
- 2 years ago
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Nick Oosting
Listing Leaders Northwest
Good questions as I get this question more often than people think. A realtor is no different than a real estate agent. Both are the same just a different way to say them. I am happy to answer any other questions you may have!
- 2 years ago
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