What is the difference between a realtor and a real estate agent?

Realtors and real estate agents are both professionals within the residential real estate market in Michigan. However, they have different responsibilities and requirements. A real estate agent is a salesperson that is licensed to represent buyers and sellers in residential real estate transactions. They are generally responsible for listing properties on the open market, helping buyers to find a suitable property, negotiating contracts, and ensuring that all transactions go smoothly. On the other hand, Realtors are members of the National Association of Realtors and are bound to a strict code of ethics. They are expected to practice the highest standard of service and to act in the interest of their clients. In addition, they must take part in continuing education courses to ensure that they remain up to date with the latest real estate laws. Furthermore, Realtors are available to offer expertise on local neighborhoods, property values, taxes, and other related matters. In summary, real estate agents and Realtors both play an important role in the residential real estate market in Michigan. While real estate agents represent buyers and sellers in transactions, Realtors are held to a higher standard of service and offer more specialized knowledge in the industry.

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What is the difference between a realtor and a real estate agent?

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