The Difference Between Realtors and Real Estate Agents: Explained
When it comes to buying or selling a home, you may have heard the terms “realtor” and “real estate agent” used interchangeably. However, there are some key differences between the two that you should be aware of before choosing one to work with. In this article, we’ll break down the distinctions between realtors and real estate agents and help you make an informed decision.
What is a real estate agent?
A real estate agent is a licensed professional who helps clients buy, sell, or rent properties. They are typically self-employed and work for a real estate brokerage. Real estate agents are required to complete pre-licensing education and pass a state licensing exam. They are also required to adhere to a code of ethics and standards of practice set forth by their state’s real estate commission. Real estate agents can represent either the buyer or the seller in a transaction, but they cannot represent both parties at the same time.
What is a realtor?
A realtor is a real estate agent who is a member of the National Association of Realtors (NAR). This means they have agreed to abide by a strict code of ethics and standards of practice set forth by the NAR. Realtors also have access to exclusive resources and tools provided by the NAR to help them better serve their clients. While all realtors are real estate agents, not all real estate agents are realtors.
What are the benefits of working with a realtor?
Working with a realtor can provide many benefits for home buyers and sellers. Realtors have access to exclusive resources and tools provided by the National Association of Realtors, which can help them better serve their clients. They also have a deep understanding of the local real estate market and can provide valuable insights and guidance throughout the buying or selling process. Additionally, realtors are held to a strict code of ethics and standards of practice, which can provide peace of mind for clients.
How do you become a realtor?
To become a realtor, you must first become a licensed real estate agent. This typically involves completing a certain number of hours of pre-licensing education, passing a state licensing exam, and meeting other state-specific requirements. Once you have your real estate license, you can then join the National Association of Realtors and become a realtor. To maintain your realtor status, you must adhere to the organization’s code of ethics and complete continuing education requirements.
How to choose the right real estate professional for you.
When choosing a real estate professional, it’s important to consider your specific needs and preferences. If you’re looking for someone who is a member of the National Association of Realtors and adheres to a strict code of ethics, then a realtor may be the right choice for you. However, if you’re more concerned with finding someone who has a deep knowledge of the local market and can help you find the perfect home, then a licensed real estate agent may be a better fit. Ultimately, the most important thing is to find someone who you feel comfortable working with and who has your best interests in mind.
Choosing the right real estate professional is crucial to a successful home buying or selling proces. Here are some key factors to consider:
1. Experience and Expertise:
Years in the business:
Look for agents with a proven track record and extensive experience in the local market.
Specialization:
Consider agents who specialize in your specific needs, such as first-time homebuyers, luxury properties, or specific neighborhoods.
2. Local Market Knowledge:
Neighborhood familiarity:
A knowledgeable agent can provide valuable insights into local schools, amenities, and market trends.
Recent transactions:
Ask about their recent sales in your desired area to gauge their understanding of the market.
3. Communication and Responsiveness:
Availability:
Ensure the agent is readily available to answer your questions and address your concerns.
Communication style:
Choose an agent whose communication style aligns with your preferences.
4. Professionalism and Ethics:
Licensing:
Verify that the agent holds a valid real estate license.
- Go to the TREC website and navigate to the “License Holder Search” tool
- Enter the name or license number of the agent in the search field
- Click the “Search” button
- If the agent has a license, the results will show their information
Professional affiliations:
Look for affiliations with reputable organizations like the National Association of Realtors (NAR). Click Here for a list of professional affilliations in Texas. Realtors normally join to the National association of Realtors, the Texas Association of Realtors, and a local board like the Metrotex Association of Realtors.
Client testimonials:
Read reviews and ask for references to gauge the agent’s reputation. First, start by looking at their local profiles: Check if they have a google business profile. Agents also have a public profile in their local board website. Second, check the Zillow, Realtor, Homes, profile. See how many houses they have sold, how many reviews they have, check if they have a reputable lender. See the houses they currently have for sale.
5. Personal Chemistry:
Trust and rapport:
It’s important to feel comfortable and confident in your agent’s abilities.
Additional Tips:
- Interview multiple agents: Meet with several agents to compare their approaches and find the best fit for your needs.
- Ask questions: Don’t hesitate to ask about their experience, marketing strategies, and negotiation skills.
- Consider referrals: Ask friends, family, or colleagues for recommendations.
- Check online reviews: Read reviews on websites like Zillow or Realtor.com to get a sense of the agent’s reputation.
By carefully considering these factors, you can find a real estate professional who will guide you through the home buying or selling process with expertise, efficiency, and professionalism.
