The Difference Between A Real Estate Agent And A Realtor
By Tina Abraham
The main difference between a realtor and a real estate agent is credentials. Often time s people use the works real estate agent and realtor interchangeably. However, there is a rather important difference between the two.
A realtor has more training and experience in the real estate market than does a real estate agent. Where both a realtor and real estate agent have licenses, the realtor has gone the extra mile in obtaining a further level of expertise in their professions.
Realtors are members of the National Association of Realtors. This means that a realtor follows the strict realtor code of ethics. You can read this code of ethics from a download at this site. http://www.realtor.org/mempolweb.nsf/pages/Code?OpenDocument
The standards and rules that are in the realtor code of ethics is more than just a few people saying they will do what is right. The code is a way of providing a higher level of ethical practice that is nationally recognized.
There are many real estate agents that are great at what they do they also follow ethical practices, however there are no real restrictions that monitor their business matters.
The basic prerequisite to selling real estate is a license through the state that the realtor or real estate agent will be working in. There is a minimum standard of education, examination, and experience must be met. These requirements are decided state by state and then set as regulations.
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