Given the complexity of a real estate transaction, the dollars involved, the laws which govern the transfer of real estate and the training needed to understand all of these issues, you’ll need resources to guide you. You’ll want to be prudent in deciding which professional you’ll want to help you. This page is designed to assist you with the home buying and selling process.
Isn’t Everyone Who Sells Real Estate a REALTOR®?
We’ve gotten so good at getting our brand recognized that now everyone associates a licensed real estate agent as a Realtor®. Just as all copiers are not Xerox, all real estate licensees are not Realtors®. Only real estate licensees who are members of the National Association of REALTORS® are accurately called REALTORS®. There are 1.2 million Realtors® worldwide. In Massachusetts, there are 70,000 agents and 24,000 of them are REALTORS® – so never assume everyone selling real estate IS a REALTOR®.
What is the Difference?
From Millennials and Gen X-ers to Boomers and beyond, REALTORS® span the ages but all are committed to treating all parties to a transaction honestly. REALTORS® subscribe to a strict code of ethics, enforced by their local, state and National Association of REALTORS® and are expected to maintain a higher level of knowledge of the process of buying and selling real estate than licensees. REALTORS® have resources on the local, state and national levels helping them at every stage in their careers to deliver the highest level of service to their clients.
How do I know if my agent is a REALTOR®?
You may ask the agent you are working with if they are a Realtor® member and what “local Association” under the National Association of REALTORS® they belong to. There are 13 local associations in Massachusetts and you are welcome to contact them to verify the REALTOR® status of the agent you are working with. Realtors® usually display a Realtor® R pin and have the REALTOR® trademark on their business cards.