Broker and Realtor
Can a broker also be a Realtor?
Yes, a broker can also be a Realtor if they choose to join the National Association of Realtors (NAR) and follow its ethical standards. Not all brokers are Realtors, but those who are commit to high ethical conduct.
What are the benefits of working with a Realtor instead of a regular real estate agent?
Realtors, as members of NAR, follow a Code of Ethics ensuring honesty and professionalism. Working with a Realtor ensures ethical representation and quality service.
How can I verify if someone is a licensed Realtor?
You can check the NAR website’s directory of members to verify if someone is a licensed Realtor by searching their name or location.
Do I have to pay extra fees to work with a Realtor?
Typically, clients do not pay additional fees to work with a Realtor. Realtors usually earn commissions from property sales, negotiated between them and the seller.
What should I do if I have a complaint against a Realtor?
If you have a complaint, contact the local real estate licensing board or NAR. They have procedures to handle complaints and take action against Realtors who violate their Code of Ethics.
Difference between Broker and Realtor
The terms “Broker” and “Realtor” are sometimes used interchangeably, but have differences. While a broker is a general term used to describe individuals or firms that facilitate transactions across various industries, a realtor specifically refers to a real estate professional who is a member of the National Association of Realtors and adheres to its Code of Ethics.
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