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Buyer's Mondays Corner - Real Estate Agent or Realtor?


What is the difference between Real Estate Agent, Broker and Realtor



If you desire to purchase a new home, you no doubt have many questions, even if this isn’t your first home purchase. It will make a significant difference if you have a Real Estate partner on your team, and the earlier in the process you align with one, the better!

The terms Agent, Broker and Realtor all have educational requirements. 

What is a Real Estate Agent?

Real Estate Agents have a professional license. They are required to have pre-licensing training and depending on which state they live in the training hours do vary.  Once the training is completed, they will take a written exam and once they pass this exam they have earned a license for that state and the title of Real Estate Agent. 

What is an Realtor?

A Realtor is a licensed agent that also is a member of the National Association of Realtors.  They subscribed to a set of standards and its code of ethics. The NAR holds Realtors to a higher standard of practice.

Listing Agent- represents a home seller

Buyer Agent- works with and can represent a home buyer through every step of the home purchase

What is a Real Estate Broker?

A Real Estate Broker is someone who has taken education beyond the agent level as required by states and passed a broker’s license exam. To sit for the Broker’s exam, Real Estate Agents must already have acquired a certain level of experience, generally 3 years of agent experience.  Brokers can work independently and hire real estate agents to work with them.

There are three types of Brokers.

  • Managing Broker- will oversee day-to-day duties of Real Estate office
  • Principal Broker-every Real Estate Office has one. Oversees all Real Estate Agents
  • Associate Broker-is a Real Estate Professional and works under a Managing Broker

How do you find the right “fit” for you?

Ask for referrals from family and friends.  Referrals are a best practice I work hard to attain from every client I work with!  A referral is the best compliment a client can give.  If you receive a referral, you should be confident the person giving you that name had a great experience!

Set up “get to know you” interview calls with several agents.  I love having the opportunity to get to know my clients before I get to work with them.  It reassures us both we are committed to the partnership and the process.

Let’s set up a time for you to interview me!

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