A
realtor is a professional who has an active membership in the National
Association of Realtors (NAR). In the US, real estate agents are licensed
professionals who assist their clients to sell and buy all types of residential
and commercial property. However, all realtors are not to be considered as real
estate agents. With having active NAR membership, some realtors are real estate
counselors, home appraisers, property managers, and real estate brokers.
In
the United States, real estate agents have to follow different legal
requirements to get license, according to their home state. According to the
Bureau of Labor Statistics, individuals have to attend classroom lecture of
over 30 to 90 minutes to understand all real estate basics in accredited
university, college or any technical school. Once real estate studies in the
accredited school is completed, the applicant is required to pass real estate
exam that covers the subjects of standards and practices in real estate, state
and national real estate laws. According to the BLS, in order to keep real
estate license valid, an estate agent has to pay a certain fee every year. For
the sake of license renewal, real estate agents also continue education in some
states.
In
the United States, only 50% of the licensed agents have active NAR membership
to become a Realtor. Real estate agents are required to join regional real
estate association or board in order to get NAR membership.
If
you are looking for Ajax homes for sale, make sure your
buyer’s agent is member of NAR or have certificate or license provided by NAR. They
are also required to adhere to strict code of ethics in NAR as well as they
also agree to strict standards of practice. Ethics code of NAR makes a big difference
among non-member estate agents and actual Realtors.
NAR
membership is what provides sound reputation to the real estate agent and
increase their value in the market. They may often charge higher for their
services because of having years of experience and most valuable NAR
membership. However, it is going to give pure assurance and best returns in
future.
Bottom Line
If
you want best deals either on home buying or home selling, it is imperative to
take help of such professionals. If you find them from a reliable source, you
are more likely to find competent and reliable professional who can assist you
in the entire process.
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