If you are new to the world of real estate, there are a number of different things that you can be confused on. You may be surprised to know that there is a difference between a real estate agent and a realtor. Although they have similar jobs and responsibilities, one has a few more abilities than the other, and there are other small things that set the two apart. Here, we will look at a couple different examples that should help you better understand the differences seen there. Hopefully, after reading this article, you will have a better understanding of what each is and what they can do for you.
Real Estate Agents
Real estate agents can do a couple of different things to help clients and companies with their properties and real estate. They can help with rentals, assist in the buying and selling of houses, buildings, and other properties, as well as other similar transactions. They will also typically help with the marketing of a property to help ensure that it is purchased by the right buyer at the right price. They will usually help make negotiations go more smoothly and keep everything fair for both parties involved.
On average, this is considered more of an entry level position and no official schooling is required. Although this is up to the discretion of the company the real estate agent works for, this stands true for most positions.
Becoming a Realtor
Realtors require a bit more education to get into the position they hold. This is because they are an official member of the National Association of Realtors. To become a realtor, they will need to complete certification and licensing for different purposes. They are more thoroughly trained in order to do better their jobs and provide a better experience all around. It takes a lot of dedication on the way to becoming a realtor, and they are held to a much stricter ethical standard. Real estate agents can typically make the judgment calls for themselves, whereas the official realtor must make sure to keep with the NAR’s rules, guidelines, and restrictions. For example, they must be blatantly honest with both parties; this is usually expected of any real estate agent. However they are known to bend the truth in order to convince parties to go in a direction that they favor, or that will benefit them personally.
It all depends on the persons involved and the situation, but typically it is much better to go through a realtor for most property, business, or estate transactions to see the best possible results. Your real estate agent will treat you in a friendly and honest manner, and take care of you from the moment you meet them. With these sorts of agents you know that everything will work out in the best way possible for both the buyer and the seller, and the real estate agent will not sway things so that they see a higher commission from the sale.
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