The main difference between a real estate agent and a real estate agent is the credentials. Often people use the words real estate agent and real estate agent interchangeably. However, there is quite a significant difference between the two.
A real estate agent has more training and experience in the real estate market than a real estate agent. When both a real estate agent and real estate agent are licensed, the real estate agent has gone the extra mile to gain a higher level of expertise in their professions.
Realtors are members of the National Association of Realtors. This means that a real estate agent follows the strict code of ethics for real estate agents. You can read this code of ethics in a download on this site. http://www.realtor.org/mempolweb.nsf/pages/Code?OpenDocument
The standards and rules found in the real estate agent code of ethics are more than just a few people saying they will do the right thing. The code is a way of providing a higher level of ethical practice that is nationally recognized.
There are many real estate agents who are excellent at what they do; they also follow ethical practices, however there are no real restrictions controlling their business affairs.
The basic prerequisite for selling real estate is a license from the state in which the realtor or estate agent will be working. There is a minimum standard of education, examination, and experience that must be met. These requirements are decided state by state and then set as regulations.
Agents are subject to a certain amount of legal obligations. The basic ones of these obligations are:
Obey confidentiality rules.
Obey the lawful instructions of the property.
Keep the interests of customers above yours or anyone else’s when it comes to your transaction.
Report any problems with the property or the contract.
Report any money talk discussed.
A real estate agent follows all of these listed obligations; however, also follow a higher level NAR code of ethics. These ethics and obligations have recently become state laws governing that at different levels of real estate licenses, there are different levels of expectations and laws.
Depending on what you are looking for, both a real estate agent and a real estate agent could help you with your purchase or sale. There are also many times that a real estate agent will hire a real estate agent to help with some of their business responsibilities. Therefore, that real estate agent will likely follow the ethics of the guidance of the most experienced licensed real estate agent.
Also, whichever option you choose, you will find the good and the bad in both. There are a few questions you can ask to make sure you’re hiring the best person to help you get the best deal.
First find out if they are licensed.
Next, you will need to know if they are full time or part time.
You can ask them what options they have available to help you sell your home or what listing options they have to help you find a home.
· It’s also a good idea to cover commission prices and any other costs or fees involved.
When you cover the contract you can ask for anything that doesn’t seem right to you, to see if it can be negotiated. Even if it is already written, it can be changed. This would be anything from the commission to the length of the contract.
The experience you are looking for is in the questions. Be confident in whatever option you choose, raise any questions or concerns you may have, and follow the necessary steps to complete your real estate transaction. The differences between realtor and real estate agent can be significant, however eliminating these common factors can lessen success in any situation, regardless of who is doing the work.