Real Estate Agent vs. Realtor – What the Difference

A lot of consumers use the two terms, realtor and real estate agents in case of every other. But this is not appropriate. There are differences which exist amongst the two and hence they aren't the exact same thing and neither can you use 1 term in spot of the other. Each of them may well have licences to sell but then realtor is under trademark. This indicates that they are a member of the NAR, Mational Association of Realtors. If we take the US for example, then you will discover that all of the real estate agents have a license which helps a consumer to get as nicely as sell commercial property. But then all realtors aren't real estate agents.

But then the most very important difference which exists amongst them is that the realtor has to subscribe to the "Realtor Code of Ethics". But then to a consumer, what does this honestly mean?? Well the code of ethics is rather strictly enforced. It has 17 articles and also several underlying standards of practice. This isn't just a entire bunch of rules which the agents have to swear to adhere to and uphold. These standards are basically quite restrictive and also confining contemplating the rest of the guidelines and regulations other government agents have to follow.