There are many familiar terms in real estates and are often used interchangeably. An example is the terms: realtor and agent. Realtors are different from agents. Below, is a guide to help explain the clear difference between these two.
REALTOR
One, who is an active member of the National Association of Realtors (NAR) is referred to as a realtor. As a member of the association, he/she has taken an oath to uphold the ethics of the profession and to maintain the standard.
A realtor has more legal backing since they belong to an association
REAL ESTATE AGENT
An agent is one, who is licensed to work as a real estate agent after under-going a form of training and passing a test. He or she can work as a sales professional, an associate broker or broker in helping people to buy or rent commercial properties.
An agent may not necessarily be a realtor.
SIMILARITIES
- Both realtors and agents can help people sell or buy a landed property
- A realtor can also be an agent
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