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Real Estate Agent Vs Realtor - What Is The Difference?

Real Estate Agent Vs Realtor - What Is The Difference?

Released Monday, 4th May 2020
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Real Estate Agent Vs Realtor - What Is The Difference?

Real Estate Agent Vs Realtor - What Is The Difference?

Real Estate Agent Vs Realtor - What Is The Difference?

Real Estate Agent Vs Realtor - What Is The Difference?

Monday, 4th May 2020
Good episode? Give it some love!
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Real Estate Agent Vs REALTOR - What Is The Difference?


You'll Learn:


0:00 ➢ Introduction of the difference between Real Estate Agent VS REALTOR?

 Only about half of all licensed real estate agents in the U.S. are REALTORS or members of the NAR.  


2:40 ➢ Who can be a REALTOR?

  • Home Appraisers
  • Property Managers, 
  • Real Estate Counselors
  • Real Estate Brokers
  • *Each Require Real Estate License 


3:48 ➢ What Is A Real Estate Agent?

  • Go To School For The State Required Time And Passed The State Required Testing.
  • Assist In Buying And Selling And Leasing Of Property
  • Can Buy, Sell, And Lease Commercial Property
  • Continuing Education To Maintain A License. Typically Every Year Or Every Other Year.


4:35 ➢ You do not need to be a REALTOR to sell homes, but you WILL need a Real Estate License.


4:47 ➢ What Is A Realtor

  • Pay Your Local Dues
  • Take The Code Of Ethics Course
  • Active Member
  • Must-Have A Real Estate License In Order To Join
  • Higher Code Of Ethics
  • +17 Different Articles 


6:38 ➢ Realtor Vs Broker

  • Broker Must Be An Active Agent Before Becoming A Broker
  • Can Be Realtor As Long As They Pay Fees To Become A REALTOR
  • Additional Education Required.
  • Can Or Cannot Be A REALTOR


9:50 ➢ The Term REALTOR Is Always Capitalized Because It Is Trademarked.


10:16 ➢ Should You Become A REALTOR?


12:25 ➢ PROS 

  • Up To The Minute Info
  • Training
  • Stats
  • Newsletter
  • Mls Access
  • If Your Not, Many Won’t Take You Seriously


16:38 ➢ CONS 

  • Expensive - Can Be Broken Up
  • Additional Classes
  • Your Broker Most Likely Will Require It
  • Redo Code Of Ethics Every 4 Years
  • Requirement Feels Forced - Hidden Fees
  • Supra 


19:24 ➢ You Do Not Need To Be A REALTOR To Access The Mls In Some States As This Violates Some Antitrust Laws. Check Local Laws



Resources:

Note: Some of the resources below may be affiliate links, meaning I receive a commission (at no extra cost to you) if you use that link to make a purchase.


National Association of REALTORS (NAR)

https://www.nar.realtor/


Isaac Ocean

https://bigmistakesinrealestate.com/


Want To Be A Guest?

https://bigmistakesinrealestate.com/?page_id=72


Facebook Group

https://www.facebook.com/groups/BigMistakesinrealestate


I-Phone - Subscribe on Apple Podcasts

https://podcasts.apple.com/us/podcast/what-crm-should-real-estate-agent-be-using-interview/id1500458252?i=1000472834558


Android - Subscribe on Spotify

https://open.spotify.com/show/1DslqptN2nvS2J5G7ZGIVV


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