What is the Difference between a REALTOR® and a Licensee?
All “REALTORS®” are real estate agents, but not all real estate agents are REALTORS®.
A REALTOR® is a real estate agent who is a member of the Mid-Shore Board of REALTORS® , the Maryland REALTORS® and National Association of REALTORS® (NAR). To qualify for membership, a real estate agent must agree to adhere to the National Assoc. of REALTORS® strict code of ethics and standards of practice. The NAR ethics code is what separates REALTORS® from non-member real estate licensees.
When agents become REALTORS® they must agree to conduct their business in a way that adheres to the NAR’s Code of Ethics, this code covers ethical requirements that deal with all aspects of the job, from working with consumers and fellow agents to writing truthful advertising. To become a member, a real estate agent must join a local real estate association.
REALTOR© Educational Requirements: All licensed agents are required to take continuing education courses approved by the Maryland Real Estate Commission. To retain membership in the NAR, REALTORS® are required to take additional continuing education classes, often focusing on ethical work habits and other consumer protection topics.
Why Use a REALTOR®?
Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82 percent of real estate sales are the result of REALTOR® contacts and that on average using a REALTOR® results in a smoother transaction with the seller receiving a higher purchase price.