The Differnece Between a Realtor and A Real Estate Agent Revealed

The Differnece Between a Realtor and A Real Estate Agent Revealed

What is a Realtor? And why should you use one?

Only real estate professionals who are members of the National Association of Realtors can call themselves realtors. Non-Members are only Real estate agents or Sales people. There are several amazing benefits of using realtors over a sales person.

All Realtors (members of the National Association of Realtors) are bound to a strict code of ethics. Their code is based on professionalism and protection of the public. Random real estate agents do not have to abide by these codes. If you choose to use a Realtor you can be sure that they are honest and ethical in all aspects of real estate and business. If they are not, they will not be a realtor long.

The Biggest benefit of using a Realtor over an Agent is access to the MLS, the Multiple Listing Service. This is a private service that only Realtors use to share listing with other Realtors. If you use a Realtor they put your House on the MLS and thousands of other Realtors can easily access the information and find a buyer for a house you are selling. Or Your Realtors can access other realtors listing to find you the house that meets your criteria the best.

Some of the principals that realtors must follow include:

Protect and promote their clients best interests. A good realtor knows what the client's wants and needs are. For example, a good realtor will know what a client can afford in a home payment and will not put anyone in a home that they cannot afford or will have trouble making their mortgage payment. They will also make sure that their client has got home inspections done on their potential house to ensure they made a good buy.

Realtors should be knowledgeable and commitment in the field of real estate. It's important to find a realtor who really studies what is going on in the real estate industry. A good realtor will know if the market is starting to dip, rise or is going to stay flat. How do they know this? Well realtors are in the MLS, out looking at houses and studying the market every day. If a realtor does not somehow keep track of what they are seeing then they have failed as realtors and as your hired gun.

I know many realtors out there who think their only job is to sell houses. But the job of a good realtor is to know every aspect of the real estate industry form residential, commercial, and real estate investing.

There has been great feedback from buyers and sellers in the past few years about working with Realtors. Sellers are reporting that an agent's reputation was the most important factor in their selecting the realtor they did. Is that true with you? I believe that working with the best realtor in your area is important. Everyone wants to work with the best.

Home buyers and sellers both report that the biggest benefit they received from using a realtor was help understanding the home buying/selling process. I can really see that as being a huge benefit. If you do not understand the whole process that goes into buying/selling a home it could cost you thousands and hundreds of hours.

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