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

The terms "realtor" and "real estate agent" are often used interchangeably, but they do have distinct meanings in the context of residential real estate law in New York. Put simply, a real estate agent is a licensed individual who helps buyers and sellers negotiate deals. Most real estate agents work for a broker, who is a more experienced agent licensed to manage agents and close deals. Realtors, on the other hand, are members of the National Association of Realtors (NAR). In order to become a realtor, an individual must not only be a licensed real estate agent, but they must also belong to the NAR and agree to adhere to their set of ethics and standards. In practice, this means that realtors often have access to more specialized information and more resources than the average real estate agent. Furthermore, realtors can utilize the multiple listing service (MLS) as a means to access even more information on properties throughout the New York area. Ultimately, while real estate agents can help buyers and sellers close deals, realtors can help add an extra layer of professionalism and trustworthiness to the process.

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

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