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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And if they fail to live up to those "super special" guidelines, they still have their real estate license, but can be kicked out of the "Realtors Association", which they have to pay for in order to be a member...
Just like a doctor can have a state license to practice without being a member of the state or local medical association...