Tuesday, June 28, 2016

Aventura REALTOR® vs Real Estate Agent

I have had the pleasure of working with both Buyers and Sellers of real estate in Aventura, Florida. Quite often I am referred to as a real estate agent. This is correct and incorrect at the same time. This post is designed to set all straight… I am a REALTOR®. So you might be wondering….

Is there a  difference between a real estate agent and a REALTOR?

YES!

Here is the one element they have in common...

Both are licensed to sell real estate- THAT’S IT

A REALTOR ® (notice the full caps and registration trademark) is an individual who is a member of The National Association of Realtors, a.k.a.NAR.  NAR is the largest trade organization in the United States of America, yes THE LARGEST trade union.

As a REALTOR® in Aventura, Florida I belong to this association. As in most trade unions, I pay  a yearly fee to belong to this organization. Other members of the trade union include:

Property managers
Appraisers
And many others involved in the real estate industry

As members of the National Association of  REALTORS ®, real estate members pledge to adhere to the REALTOR ® Code of Ethics.

The standards which I and other REALTORS ® adhere to are restrictive and confining, much more than state registered real estate agents who are not a member of the NAR. Amongst many items, the guidelines of the trade organization address the moral and ethical stance a member must follow.


Ok. sure, just because an individual is a member of NAR does not ensure they are moral and ethic (how nice would that be) but as a member of the National Association of REALTORS® there are basic legal standards which differ from a real estate agent. In addition, I must adhere to a code of ethics.

These code of ethics are enforced locally by real estate boards. The board I belong to is the Miami Board of REALTORS® and work as a REALTOR® in Aventura
.

Come back on Thursday and catch my review of these code of ethics.

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