WHY USE A REALTOR®?
When you're looking for help buying or selling property, it's important
to remember that the terms "real estate agent" and "REALTOR®"
are not synonymous. REALTORs® can provide an extra level of service,
and to be a REALTOR® you must be a member of the National Association
of REALTORs®. The NAR is a non-profit trade organization that
promotes high professional standards in real estate information, education
and professional standards.
The National Association of REALTORs® also has earned a strong
reputation for actively championing private property rights and working
to make home ownership affordable and accessible.
Code of Ethics
NAR and CREA members adhere to a strict code of ethics founded on
the principle of providing fair and honest service to all consumers.
REALTOR® business practices are monitored at local board levels.
Arbitration and disciplinary systems are in place to address complaints
from the public or board members.
This local oversight keeps REALTORs® directly accountable to
the individual consumers they serve. Real estate licensees who are
not REALTORs®, work solely under state/provincial licensing
regulations.
Definitions
REALTOR®
A REALTOR® (or REALTOR®) is a licensed real estate agent
who is a member of the National Association of REALTORs® (NAR)
a membership organization of some 720,000 real estate agents in
the United States. In Canada, the corresponding professional organization
is the Canadian Real Estate Association (CREA). A licensed real
estate agent does not have to be a member of NAR or CREA to practice
real estate.
Broker
In real estate, a broker has earned a broker's license. Many brokers
own their own real estate office and are "brokers of record,"
with other real estate agents "hanging their license"
under the broker of record. About 40 percent of RE/MAX Associates
have earned their broker's license.
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