REALTOR® or Real Estate Agent

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Most people use the terms REALTOR® and real estate agent interchangably, not realizing that there is a difference. The reality is that any agent who works with Keller Williams, Coldwell Banker, Berkshire Hathaway, RE/MAX, Century 21, HomeSmart, Edina Realty or any of the other large real estate companies will be a REALTOR®. The reason almost all real estate agents are REALTOR® is because in order to list your house for sale on your local Multiple Listing Service (MLS) your agent needs to be a member of the local association of REALTOR®. The local association controls your local MLS, which is the database that includes the inventory of all of the homes for sale in your area. It is the association who provides the data feed to REALTOR.com, Zillow.com, Trulia,com as well as all of the local real estate search portals that a potential buyer will use to view homes for sale. Of course, your real estate agent needs to have access to the MLS in order to competitively market your house for sale. Most local REALTOR® associations require you to be a member of the National Association of REALTOR®. So, there you have it, it is virtually impossible to represent sellers or buyers if you aren’t a member of the REALTOR® association due to their control of the listing database.

All REALTOR® must abide by the REALTOR® Code of Ethics. It is the code of ethics that describes the agents duties to clients and customers. You will know that your interests will come before those of your agent, when working with a REALTOR®. 

 

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