Difference Between Realtor vs Real Estate Agent
In Florida, the terms “Realtor” and “real estate agent” are often used interchangeably. Do you think they are both the same? Both words do hold distinct meanings within the real estate industry. Both are licensed professionals authorized to facilitate real estate transactions. A Realtor in Florida, such as myself, carries an additional badge of membership in the National Association of Realtors (NAR). That is a big difference. As a Sarasota REALTOR ®, my commitment extends beyond simply facilitating transactions. I follow the strict Code of Ethics upheld by the NAR, ensuring the highest level of professionalism, integrity, and advocacy for my clients. This distinction signifies a deeper dedication to ethical standards and ongoing professional development, providing clients in Florida, particularly in the Sarasota market.
Real Estate Licensing Agent and REALTOR Membership
A real estate agent is licensed to help clients buy, sell, or rent properties and must follow state licensing requirements.
A Realtor is a real estate agent who follows state licensing requirements, but also is a member of the National Association of Realtors (NAR) and has to follow NAR strict Code of Ethics.
Real Estate Code of Ethics
Realtors are bound by the NAR’s Code of Ethics, which requires them to uphold certain standards of professionalism and conduct in their dealings with clients and other real estate professionals.
While real estate agents are also expected to follow ethical standards, they may not be bound by the same rigorous guidelines as Realtors.
Access to Resources
Both real estate agents and Realtors have access to similar resources and tools to assist their clients, such as MLS listings, market data, and professional networks.
However, Realtors may have additional resources available to them through their membership in the NAR, including educational opportunities and specialized training programs.
Real Estate Representation and Advocacy
Real estate agents represent their clients’ interests in transactions, providing guidance and assistance throughout the buying or selling process.
Realtors, as members of the NAR, are committed to advocating for their clients’ best interests while also upholding the principles outlined in the Code of Ethics.
Real Estate Professional Designation
The term “REALTOR ®” is a registered trademark of the NAR and can only be used by real estate agents who are members of the association.
Real estate agents who are not members of the NAR do not have the right to use the Realtor designation in their professional title.
Real Continuing Education and Training
Realtors are encouraged to participate in ongoing education and training programs offered by the NAR to enhance their skills and knowledge in the real estate industry.
While real estate agents may also pursue continuing education opportunities, they may not have access to the same level of specialized training and resources available to Realtors.
What do Real Estate Agents Do?
- Real Estate Market Analysis: Conducts real estate market research to determine property values and market trends.
- Listing Properties: Assists sellers in preparing, pricing, and listing their properties on the market.
- Real Estate Marketing: Develops and implements marketing strategies to promote properties to potential buyers.
- Home Showings: Arranges and conducts property showings for buyers.
- Transaction Negotiation: Negotiates offers and terms between buyers and sellers to achieve favorable outcomes.
- Real Estate Contracts: Drafts and reviews contracts and other legal documents related to real estate transactions.
- Real Estate Transaction Coordination: Coordinates inspections, appraisals, and other necessary services during the transaction process.
- Client Communication: Keeps clients informed about transaction and provides guidance throughout the buying or selling process.
- Transaction Problem-solving: Addresses any issues or challenges that may arise during the home buying or home selling transaction process.
- Real Estate Networking: Builds and maintains relationships with other real estate professionals, such as lenders, inspectors, and attorneys.
- Real Estate Continuing Education: Pursues ongoing education and training to stay updated on industry trends and regulations.
Useful Links
Get In Touch
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Tetyana Hanna, Lakewood Ranch - Sarasota Real Estate Agent
Keller Williams Realty Select
#SL3524256 - Florida REALTOR® - Email: tetyana.soldit@gmail.com
- Phone: 970-765-5107
- Address: 8210 Lakewood Ranch Blvd, Lakewood Ranch, FL 34202
