What is a realtor?
The National Association of Realtors(NAR) defines a realtor as a federally registered collective membership mark which identifies a real estate professional who is a member of this association and subscribes to its strict code of ethics.
Who holds the title of a realtor?
The term realtor can be used to describe professionals who belong in the following groups. The condition is that they must be experts in their fields and follow their NAR code of ethics.
- Real estate agents of all types
- Property managers
- Appraisers
- Real estate counselors
- Real estate salespeople
- Etc.
The role of a realtor
Having the realtor title means that you are qualified to perform real estate services you are certified for. For example, real estate agents help buyers and sellers to buy and sell properties fairly and ethically.
If you are buying a house, you will use a real estate agent to help you in your house hunting process. He/she will also give you market guidelines, advises, and help you buy the best property of your choice. For example, they will help you come up with an offer depending on whether you are in a buyer’s market or seller’s market. Furthermore, they will help you with negotiations, paperwork, etc. Learn more about seller’s real estate agent.
Should you use a realtor in your real estate dealings?
Yes, you should always use a real estate agent whenever you are undertaking a real estate deal. They will help you with pricing, research, paperwork, offers, etc.
It will be a mistake to not use a real estate agent especially when you are buying or selling a property. Learn more about 18 mistakes you should not make when buying a house.
