Whats the difference between a real estate agent, a Realtor, and a real estate broker?
A real estate agent is someone who is licensed in that state to sell real estate. They have to do what’s legal, but aren’t held to any ethical standards higher than that. A Realtor is a member of the local, state, and National Association of Realtors. Not only are they licensed, but they are held to high ethical standards as outlined in the Code of Ethics. A real estate broker is someone who not only is licensed, but also has passed other criteria as well, including experience requirements, and the passing of a state real estate broker exam. All agents must have a responsible broker supervising them, or they must be a broker themselves in order to sell real estate. In a perfect world, you’d want to work with someone who holds my credentials of being a real estate broker and a Realtor. You get the experience, and the higher code of ethics standards all in one person.
