The terms agent, broker, and REALTOR® are often used interchangeably but have very different meanings. For example, not all agents (also called salespersons) or brokers are REALTORS®. Learn who is a REALTOR® and the reasons why you should use one. As a prerequisite to selling real estate, a person must be licensed by the state in which they work, either as an agent/salesperson or as a broker. Before a license is issued, minimum standards for education, examinations, and experience, which are determined by New York State, must be met.
After receiving a real estate license, most agents go on to join their local association of REALTORS®, the New York State Association of REALTORS®, and the National Association of REALTORS®, the world’s largest professional trade association. Then they can call themselves REALTORS®.
The term “REALTOR®” is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics (which in many cases goes beyond state law). In most areas, it is the REALTOR® who shares information on the homes they are marketing, through a Multiple Listing Service (MLS). Working with a REALTOR® who belongs to an MLS will give you access to the greatest number of homes and buyers.
Alphabet Soup: Click here to learn more about all of those letters following your REALTOR’S® name.