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Real estate agent or realator?

Discussion in 'Real Estate Agency Topics' started by Frances Farmer, Jun 7, 2012.

  1. Frances Farmer

    Frances Farmer TREF Member

    Jun 7, 2012
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    What is the difference between a regular real estate agent and a Realator?
    Aren't they the same thing?:confused:
     
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  2. JBob

    JBob Knows the Ropes

    Jun 9, 2012
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    I think they are the same thing, but the realtor (no a in the middle) is a member of the mls.
     
  3. Zappa

    Zappa TREF Member

    Jun 11, 2012
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    A real estate agent is licensed by the state. Realtors are licensed real estate agents who are members of a trade group.
    So, they are not exactly the same thing.
     
  4. Barista

    Barista TREF Member

    Jun 8, 2012
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    Right. The trade group, national Association of Realtors, is optional, but the license is not optional.
     
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  5. Frances Farmer

    Frances Farmer TREF Member

    Jun 7, 2012
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    Interesting. I didn't know the difference.
     
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  6. Mike Jaquish

    Mike Jaquish Owner, Realty Arts
    Staff Member

    Jun 6, 2012
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    That is it in a nutshell. Realtors have a Code of Ethics which is broader than state laws. Of course, the Code of Ethics does not supersede state laws and licensing rules, but it offers consumers and other Realtors a broader framework for good behavior.
    Most MLSs are owned by local Realtor associations, so most of the time, agents have to be Realtors to be members.
     
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  7. Frances Farmer

    Frances Farmer TREF Member

    Jun 7, 2012
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    Ethics are a good thing. :D
     
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  8. Sherry

    Sherry TREF Member

    Jun 13, 2012
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    Yes they are. Rare, I am afraid, tho.
     
  9. He's got game

    He's got game TREF Member

    Jun 25, 2012
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    Our first agent wasn't so hot. We got another and really liked him. Don't stick with one if it doesn't feel right.
     
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  10. adele

    adele Knows the Ropes

    Jun 9, 2012
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    how did you leave the first agent? did you have an agreement?
     
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  11. Johnysam

    Johnysam TREF Guest

    People are always confused between realtor and real estate agent and use the terms interchangeably, but that is incorrect. There are big differences between REALTORS® and real estate agents. Although both are licensed to sell real estate, the basic difference between a real estate agent and a REALTOR® is a REALTOR® is a member of the National Association of REALTORS® while all agents are members of NAR.
     
  12. He's got game

    He's got game TREF Member

    Jun 25, 2012
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    Her husband transferred out of state so she moved away. It worked out OK for us. Yes, we had an agreement.
     
  13. Ronnie

    Ronnie TREF Member

    Jun 17, 2012
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    Would you have to stay with the same firm, or did yo go to an agent in another firm?
     
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  14. adele

    adele Knows the Ropes

    Jun 9, 2012
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    why would you have to stay with the same firm?
     
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  15. Ronnie

    Ronnie TREF Member

    Jun 17, 2012
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    Because your buyer agent agreement is with the firm, not the agent. If the firm forced the issue.
     
  16. He's got game

    He's got game TREF Member

    Jun 25, 2012
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    That's right. We stayed with the same firm. Different agent. But it was our choice to stay. They weren't going to make us do anything.
     
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  17. adele

    adele Knows the Ropes

    Jun 9, 2012
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    i see. thanks guys.
     
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  18. Morrisville Mark

    Morrisville Mark TREF Member

    Sep 7, 2012
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    Pick an agent who will make it all about YOU. The agent should not need to be the center of attention all the time.
     
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  19. Morrisville Mark

    Morrisville Mark TREF Member

    Sep 7, 2012
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    NAR IS the National Association of Realtors.
    Agents are licensed by the state in which they work, and not all real estate license holders are members of NAR.
     
  20. Zappa

    Zappa TREF Member

    Jun 11, 2012
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    ^^^^ True that.
     

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