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Does it matter if your agent is a Realtor?

5/6/2016

6 Comments

 
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The short answer is YES!  It actually matters quite a bit.

When I was first starting to out as a Real Estate agent, I didn't think being a Realtor was important.  Even as a Real Estate appraiser, I did not see the value in an agent being a Realtor.  And, I imagine, most of the people reading this won't see it as a big deal either.

Now, that I am in the business, I realize that a Realtor is a cut above.  A Realtor has made the commitment to be a professional and to invest in their career and invest in themselves.  

As a Realtor, I have agreed to uphold the NAR code of ethics, which are at a higher level than those of state requirements.  I have attended training that is required to be a Realtor, but not to be licensed by the state.

Perhaps the most important, is that being a Realtor in my state gives me access to the best Real Estate contracts, which are not to be used by someone who is not a Realtor or does not license the contracts separately.  These contracts are better written and defined than the general contracts used by non Realtors.

So, why don't all agents become Realtors.  Well, I would hope it isn't because they don't want to be held to a higher standard of ethics, although, that could be a reason for some.  I think the bigger issue is that they don't want to spend $400.00 every year to be a Realtor.

Frankly, an agent not wanting to spend $400.00 a year to ensure they are better equipped to represent their clients in the purchase or sale of a home that would be in the 100's of thousands is difficult to understand.  

Now, does hiring a Realtor ensure that you will get a top notch professional?  No, but it definitely increases the odds. 

As always, I hope this article helps you make the wise move.

6 Comments
Mia Evans link
10/20/2021 10:00:33 pm

Thanks for pointing out that a realtor will be able to give you access to the right contracts for the transaction. With that in mind, I hope that I can hire one to help me sell the house this year. I just need to get the house of my grandparents sold now that I am not able to manage it while living in another state now.

Reply
Surveyor link
5/20/2022 08:10:55 am

There are many factors up for discussion in any real estate transaction—from price to repairs to possession date. A real estate professional who’s representing you will look at the transaction from your perspective, helping you negotiate a purchase agreement that meets your needs and allows you to do due diligence before you’re bound to the purchase.

Reply
Bryan Smith link
6/23/2022 06:24:20 am

It's the basis for the way a Realtor must operate. It doesn't state that a Realtor must be fair to all parties, such as a listing agent when dealing as a buyer's agent, but rather that a Realtor must be honest.

Reply
property conveyancing link
10/12/2023 09:20:04 pm

Agents for real estate coordinate deals between buyers and sellers as well as between landlords and tenants. Agents are in charge of conveying bids, counteroffers, and any questions between the parties. When an offer is accepted, an agent will collaborate with another agent to assist clients with the paperwork filling process. Additionally, they make certain that their clients are completely informed of all conditions necessary for the transaction to go through, such as home inspections, relocation, and crucial dates like the closing.

Reply
Mila B link
11/14/2023 05:04:30 pm

Great read, thanks

Reply
Chinese Realtor link
3/13/2025 01:30:17 am

The right agent can help you sell your home fast!

Reply



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