It is important for a property buyer, seller, or investor to be aware of the roles of various real estate professionals. The terms Realtor and real estate professional are often used interchangeably, which is, however, incorrect. The dual signification carries with it varied qualifications, obligations, and proficiency. If you need professional real estate services or feel you need the right type of expert suited to your needs, it is important to know the difference.

Who is a Real Estate Professional?

This is a general title for any individual involved in real estate work. It can refer to real estate agents, real estate brokers, appraisers, property managers, and real estate consultants. In simple language, any individual earning a living in real estate service can be addressed as a real estate professional.

Qualifications and Roles of a Real Estate Professional

Real estate professionals can have different roles, including:

• Real Estate Agents: Licensed individuals who assist buyers and sellers in property transactions.
• Real Estate Brokers: Agents with additional education and licensing who can manage real estate firms and hire agents.
• Property Managers: Individuals responsible for managing rental properties on behalf of owners.
• Real Estate Investors: Professionals who buy, sell, and manage properties as part of an investment strategy.
• Appraisers and Inspectors: Experts who determine the value and condition of a property.

While all Realtors are real estate professionals, not all real estate professionals are Realtors. This distinction is key when selecting professional real estate services personalized to your needs.

Who is a Realtor?

A Realtor is a real estate professional and a National Association of Realtors (NAR) member. To become a part of it, an individual must comply with stringent ethics and follow NAR Code of Ethics. Realtors can be real estate agents, real estate brokers, or any professionals complying with NAR bylaws to use the title Realtor.

Benefits of Working with a Realtor

When you hire a Realtor, you are working with someone who:

• Stands by a strict Code of Ethics to protect clients' interests.
• Has access to exclusive property listings through Multiple Listing Services (MLS).
• Undergoes continuous education and training to stay updated on industry trends and laws.
• Offers professional negotiation skills to secure the best deals for clients.
• Provides professional real estate services backed by a reputable organization.

Key Differences Between a Realtor and a Real Estate Professional

Which One Should You Choose?

When selecting professional real estate services, your choice depends on your needs. Here’s a guide to help you decide:

• If you want high ethical standards and specialized training, hire a Realtor.
• If you need general real estate advice or property management, a real estate professional might be sufficient.
• If you need access to exclusive listings and strong negotiation skills, a Realtor is preferable.
• If you are an investor or seeking property appraisal services, a real estate professional such as an appraiser or consultant might be the best choice.

Final Thoughts

The Realtors and real estate professionals share the important roles. Realtors are members of the National Association of Realtors (NAR), while some real estate professionals may not be Realtor members. Knowing the differences will allow you to make an informed decision while searching for professional real estate services. Be it buying, selling, or investing, picking the right expert guarantees the entire real estate process runs smoothly and successful. 

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