How REALTORS® Differ From Real Estate Agents
I've asked real estate professionals -- those not licensed to sell real estate such as loan officers and title reps -- if they know what separates REALTORS® from non-member real estate agents. In my informal survey, not one of them really believes there is a difference. They've actually told me that because some brokerages insist that their agents join NAR, it's just a marketing ploy or a way to make agents ante up money to join various affiliate associations.
However, if you ask a REALTOR®, you'll find out there are plenty of differences. For one thing, a REALTOR® is not allowed to call another real estate agent's client nor solicit that client. This means that once a home is listed for sale, REALTORS® are prohibited from soliciting that listing, especially from trying to persuade the seller to cancel the listing.
REALTORS® are also required to put the client's interests above their own. Non-member agents don't have to abide by that requirement . . . read more about REALTORS vs. Real Estate Agents.
More Articles by Elizabeth Weintraub:
- How to Select a Listing Agent
- Do You Need Two Agents to Sell and Buy?
- Differences Between Brokers and Agents
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Comments
I have lost my faith in real estate agents-they have become listing prospectors and have a two word vocabulary: (lower price) they have lost the art of selling and rely on large inventories of homes and reduced prices. Many home sellers I know have this same experience. What a shame this profession has lost its credibility with me and many others.
Sounds like you have had a bad experience or maybe hired the wrong listing agent. But remember, listing agents don’t determine price, buyers do. The single biggest reason a home does not sell is overpricing.
Bravo! Being a REALTOR means that we follow a strong code of ethics, not all agents do. This raises our level of service. Thank-you for putting this information out there.
http://cindycranston.texasrealestatevoices.com/
Thanks for chiming in, Cindy.
As for lofts in New Orleans, I have been looking in the warehouse district for a number of months. Found a couple of really well designed, but then my real estate agent took me to ICInola that is in a historic neighborhood. It is an old meat packing plant. They haven’t built yet, but I got to view a model and the architect did a great job with design. High ceilings, polished concrete floors, a wall of windows with a picture of what the view will be. I love it. So far, I haven’t seen anything like it in New Orleans. Check it out.
Is somebody talking about lofts?
It sounds like there’s been some bad luck with realtors. I myself haven’t had much experience dealing with them yet, but i’m hoping to buy a house soon, so wish me luck.
www.homebasecolumbus.com
There are always bad people in every profession. There are STILL realtors that have lifetime clients because they do their job well. Realtors do not control the market, consumers do. We have become consultants that help people decide on the biggest investment of their lifetime. This is a very demanding profession and some of us do this as a rewarding experience seeing someone have the all American Dream. There are good guys in this profession or not everyone would be doing it. I could call any client that I’ve had in the past 28 years and they would still do business with me.
They say that 20% of the agents get 80% of the business, which means it’s the other 80% of the agents who cause the most problems. It’s imperative that sellers and buyers carefully choose their agent. In my book, a REALTOR® is a good starting place, but it’s also no assurance of quality.
Apparently, you chose not to even follow your own NAR laws of which you are goverened under.
Currently, with your above statements, you have violated the National Association of Realtors code of eithcs - Section 15-2…
Which states, ” you shall refrain from making false or misleading statements about competitors, business’s,and competitors business’s practices includes the duty to not knowingly or recklessly repeat or transmit false or misleading statements…. this statement covers the internet also..
I hope you have a better validation statement for court records and evidence other than, “Call Nar”
www.aarsteam.com