Do you use the terms “realtor” and “real estate agent” interchangeably? A lot of people do, but there’s actually a distinct difference between the two. During our VA Loan Q&A Google Hangout, Margo Willis and Nick Mannis of the National Association of Realtors® let us in on the professional differences between realtors and agents.
Did you know that not all agents are technically realtors? Realtors get their title by belonging to a trade association. The National Association of Realtors® has its own models and code of ethics, which Mannis says are held at a very high standard.
A big perk of officially belonging to the National Association of Realtors® is that realtors get to attend several trade shows every year, where they can network with other professionals and educate themselves on new developments in the market.
A good way to tell if you’re working with a realtor instead of an agent is to look for the trademarked “®” they use in their title. Willis urges you to find comfort in the fact that not only do realtors follow a strict code of ethics, they’re also “advocates for homeowners and homeownership, and all of the benefits that derive from that.”
Watch exactly what they had to say in the video below!