When buying or selling a home, you’ve likely encountered the terms “real estate agent” and “REALTOR®.” While many people use them interchangeably, they are not the same. Understanding the difference ensures you choose the right professional.
Real Estate Agent
A real estate agent is a licensed professional who helps clients buy, sell, or rent properties. To become a real estate agent, individuals must complete state-mandated courses, pass a licensing exam, and follow state regulations. Real estate agents can work for brokerages and assist clients with various real estate transactions, but they are not required to belong to any specific organization.
REALTOR®
A REALTOR® is a real estate agent who is a member of the National Association of REALTORS® (NAR). This membership comes with additional responsibilities and ethical obligations. Realtors follow the NAR’s strict Code of Ethics, promoting honesty, integrity, and transparency to benefit their clients. The Code of Ethics ensures that Realtors operate with honesty, integrity, and transparency in all their dealings.
Key Differences
All Realtors are real estate agents, but not all agents are Realtors. For instance, a REALTOR®’s commitment to ethics and professionalism can provide added confidence to clients. The primary distinction lies in the professional standards and resources available to Realtors through their NAR membership. For example:
Ethical Standards: Realtors are held to a higher ethical standard than non-NAR members.
Access to Resources: Realtors have access to exclusive tools, market data, and educational opportunities provided by NAR.
Reputation: Being a REALTOR® can enhance an agent’s credibility in the eyes of clients.
Why It Matters
When choosing a professional to assist with your real estate needs, knowing whether they are a real estate agent or a REALTOR® can be important. While both can provide valuable services, a REALTOR®’s commitment to ethical practices and additional resources may provide an added layer of assurance and professionalism.
Conclusion
Though often used interchangeably, 'real estate agent' and 'REALTOR®' have significant differences. Whether you’re buying, selling, or renting, understanding these distinctions can help you select the right professional to guide you through the process.
If you have ever considered a career in real estate, but want to know more, please contact me. I always enjoy sharing my experiences over the last 24 years of my career.
Norwalk IA Real Estate – Jon Niemeyer, Broker/Owner/REALTOR® at EXIT Realty North Star. I list and sell real estate in Central Iowa including Norwalk, Des Moines, West Des Moines, Cumming, Indianola, Carlisle, Waukee, Urbandale, Grimes, Clive, Johnston, Ankeny, Altoona, and Pleasant Hill in the Counties of Warren, Polk, Dallas, and Madison. Call Jon Niemeyer at 515-490-4675.
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