Summary: Broker vs. Realtor – Understanding the Difference
- Brokers and realtors both work in the real estate industry, but their roles and qualifications differ.
- Realtors are members of the National Association of REALTORS® (NAR) and adhere to a strict code of ethics.
- Brokers are licensed professionals who can work independently or manage a team of real estate agents.
Broker vs. Realtor: Key Differences Explained
When considering buying or selling a house, it is important to understand the differences between a broker and a realtor, as explained in a comprehensive guide by Benzinga. Although both professionals work in the real estate industry, their roles, qualifications, and responsibilities vary.
A realtor is a real estate professional who is a member of the National Association of REALTORS® (NAR) and adheres to a strict code of ethics. Realtors can be real estate agents, brokers, or other professionals involved in the real estate industry. They are committed to providing exceptional service and maintaining high ethical standards in their transactions.
On the other hand, a broker is a licensed professional who has completed additional education and passed a state-administered exam. Brokers can work independently or manage a team of real estate agents. They are responsible for overseeing transactions, ensuring compliance with legal requirements, and providing guidance to their team members.
In conclusion, the main differences between a broker and a realtor lie in their qualifications, roles, and responsibilities within the real estate industry. When considering buying or selling a home, it is essential to understand these distinctions to make an informed decision about which professional to work with.
Orginal article: Link To Article – provided by Kansas City Realtors