Though both realtors and real estate agents are often interchanging, they are not totally alike. Note that not all real estate agents are realtors, and not every realtor is a real estate agent for that matter. Though both are required to be licensed in order to sell real estates, their main difference is that realtors are members of the ‘National Association of Realtors’. A realtor can be a broker-associate, real-estate agent or even an exclusive buyer’s agent as long as he is a member of this association. But there is more to this that meets the eyes. Learn more, as we continue.
Code of Ethics of the National Association of Realtors
There are 17 articles that a realtor has to abide as a member of the association. Since 1913 when this code of ethics was adopted, it already contain underlying standards of practice that is not just rules that such agent has to uphold to since they were required by their broker to join this board. Their guidelines are much more restraining and constricting to execute when compared with the guideline imposed by the state on agents who have the real-estate license
This code of ethics was made by the industry to regulate those who are recognized as realtors. Though there is no evidence that these realtors are ethically or morally better, than their unaffiliated counterparts.The 17 articles form as the mandates for these realtors in their everyday practice. But it all form as a basis for honesty in their dealings but are just clearly stipulated to identify the areas that are covered. So find a realtor to help you in your real estate sale.
To those consumers, this is the area where realtors have taken the lead and it is in this code of ethics that matters most in their every transaction that consumers should know about.