What tells apart a Realtor from a real estate agent is the existence of the "Realtor Code of Ethics" which they swear and adhere to. This is actually composed of 17 articles and different underlying standards of practice that should be followed and uphold.
However, the existence of the code of ethics does not necessarily mean Realtors are ethically or morally better than real estate agents. Here are a few things that distinguishes Realtor from a real estate agent.
A Realtor pledges to treat all parties honestly where the interests of the buyers and the sellers are before their own. They shouldn't conceal any material facts as well as avoid misrepresenting their clients' requests or demands over Homes for Sale in Baltimore MD. Moreover, they are allowed to investigate and disclose significant details to their clients which real estate agents can't do. They are also bound by the code of ethics to do everything for the best of their clients even if it means they have to cooperate with other real estate agents.
While during a transaction, Realtors are not allowed to provide any kind of professional services to other clients. It means one client at a time so that they can really provide all the needs and disclose any information that would be helpful to the transaction.
Realtors and real estate agents are not the same. Real estate agents are licensed individuals who are legally allowed by a particular state to be involved in any real estate deals for paid commissions while Realtors are actually licensed real estate agents and are members of the National Association of Realtors which requires them to swear by a code of ethics, as well as pay fees to the association. This membership allows them to have access to the MLS database that holds all types of property listings - residential, commercial, and agricultural. There exists a big difference between a Realtor and a real estate agent although both of them have the licenses to sell.
However, the existence of the code of ethics does not necessarily mean Realtors are ethically or morally better than real estate agents. Here are a few things that distinguishes Realtor from a real estate agent.
A Realtor pledges to treat all parties honestly where the interests of the buyers and the sellers are before their own. They shouldn't conceal any material facts as well as avoid misrepresenting their clients' requests or demands over Homes for Sale in Baltimore MD. Moreover, they are allowed to investigate and disclose significant details to their clients which real estate agents can't do. They are also bound by the code of ethics to do everything for the best of their clients even if it means they have to cooperate with other real estate agents.
While during a transaction, Realtors are not allowed to provide any kind of professional services to other clients. It means one client at a time so that they can really provide all the needs and disclose any information that would be helpful to the transaction.
Realtors and real estate agents are not the same. Real estate agents are licensed individuals who are legally allowed by a particular state to be involved in any real estate deals for paid commissions while Realtors are actually licensed real estate agents and are members of the National Association of Realtors which requires them to swear by a code of ethics, as well as pay fees to the association. This membership allows them to have access to the MLS database that holds all types of property listings - residential, commercial, and agricultural. There exists a big difference between a Realtor and a real estate agent although both of them have the licenses to sell.
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