Every realtor is a real estate agent, but not every real estate agent is a realtor. This sounds complicated to people and homebuyers don’t understand the difference between the two.
What Is A Realtor?
A realtor is an individual trained to sell real estate. They must pass their province’s examination as well as meet their minimum requirements. This means that a realtor will have to undergo several courses and exams, in addition to other requirements, before being able to work as a realtor.
They also are a member of the National Association of Realtors and subscribe to their code of ethics.
What Is A Real Estate Agent?
A real estate agent is, in essence, a realtor who doesn’t belong to the National Association of Realtors. They have the same training as realtors, but have yet to become a member. Any agent meeting the requirements can join the association.
Unlike realtors an agent can’t work independently and must work for a broker. Although this may seem like a downside, there are several advantages of using an agent.
Because they work for a broker they have access to additional resources or help you may not get with an independent realtor. They have a team of people able to help and you know they’re accountable for their work.
Although a realtor may seem like the best choice, the results you’ll get buying and selling your home with an agent speak for themselves. If you’re looking for a quality real estate agent to help you find your dream home, then be sure to give Ruby Javed a call at: (416) 623-2560.