Quote:
Originally Posted by Carla B
Okay, here goes:
People use the terms Realtor and real estate agent interchangeably, but they aren't the same thing. Both must be licensed to sell real estate, but there are some important distinctions. Not every real estate agent is a Realtor.
What's the Difference Between a Realtor and an Agent?
Real Estate Agents:
Must pass agent licensing requirements in their state
Aren't subject to additional requirements
Are not NAR members
Realtors:
Must pass agent licensing requirements in their state
Must additionally pass the NAR Code of Ethics course
Are members of the National Association of Realtors members
A real estate agent has obtained a state license to assist consumers in buying or selling properties. Realtors are agents who have gone one step further—they've also become members of the National Association of Realtors (NAR).
A realtor can be a real estate agent, a broker-associate, a managing broker, or an exclusive buyer's agent, and this is just the beginning of the list. What sets them apart is that they must subscribe to the Realtor Code of Ethics for membership, and this includes 17 separate articles that contain various underlying Standards of Practice.
The NAR is the largest trade association in the U.S., and "Realtor" is actually a trademarked term.
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Source: thebalancemoney.com May 17, 2022
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I would add that, in order for an agent to be a Realtor, the broker they work under must be a member of the NAR.
"Properties of The Villages" is not a member.