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REALTOR
What Is a REALTOR?
A REALTOR is a licensed real estate professional who is a member of the National Association of REALTORS (NAR) and adheres to a strict code of ethics.
Why It Matters
Working with a REALTOR provides guidance, market expertise, and ethical standards throughout real estate transactions. Their role helps buyers and sellers navigate complex processes.
How REALTORS Work
REALTORS typically:
- represent buyers or sellers
- provide market analysis and pricing guidance
- negotiate contracts
- coordinate transactions
- ensure compliance with legal requirements
They earn commissions, usually based on the sale price.
Example
A homebuyer works with a REALTOR to find properties, submit offers, and negotiate purchase terms.
REALTOR vs Real Estate Agent
- REALTOR is a member of NAR with ethical obligations.
- Real estate agent is a licensed professional without required NAR membership.
FAQs About REALTORS
Do REALTORS charge upfront fees?
Typically no; they earn commissions.
Who pays the commission?
Often the seller, but terms can vary.
Do you need a REALTOR?
Not required, but highly beneficial.
Related Terms
