What is the Difference Between a Realtor and a Real Estate Agent?

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A real estate agent is a licensed real estate professional who works with buyers and sellers to sell their properties. They listen to the needs of their clients, target specific neighborhoods, and evaluate properties. Real estate agents also prepare offer documents, negotiate terms, and help buyers and sellers close sales. These professionals also help buyers avoid sketchy properties and sellers, and they may be affiliated with government programs.

Realtor and a Real Estate Agent

The licensing process for real estate agents differs by state. Depending on the state, applicants must be at least 21 years old and complete courses from a state-approved or accredited school. Once licensed, real estate agents are required to complete continuing education courses and renew their licenses annually.

What is the Difference Between a Realtor and a Real Estate Agent?

The NAR Code of Ethics sets standards for the industry. Realtors are required to protect the interests of their clients and adhere to high standards of honesty, fairness, and professional real estate agents St Louis. In addition, they must not take a kickback or recommend another service to their clients without their knowledge or consent. And finally, they cannot practice law without the assistance of an attorney.

While the real estate industry is regulated, agents should understand local laws and current trends to help their clients find the right property. In the United States, the NAR is the professional association for real estate agents. Realtors may be independent contractors, or they may be affiliated with a brokerage.