Business, Legal & Accounting Glossary
North America A person or business that sells or leases out real estate, acting as an agent for the property owner.
a real estate agent who is a member of the National Association of Realtors.
A realtor is a professional real estate agent, property manager, appraiser, or another individual directly involved in the real estate industry that is a member of the National Association of Realtors. Every realtor is also a member of one of 54 state or territory associations and one or more of over 1600 local membership associations. The most common type of realtor is a real estate salesperson or broker. As such, a realtor is licensed to help their clients purchase or sell their home. The realtor may earn other professional designations such as Certified Residential Specialist (CRS) or Certified Commercial Investment Member (CCIM). The realtor pledges adherence to a strict code of ethics. Realtor is a registered membership mark of the National Association of Realtors.
Although many people have real estate broker licenses, to be safe, you should look for someone who is a realtor, so that you have additional legal protection.
When Jane moved to Canada, she was able to transfer her realtor certification from the American to the Canadian national realtors association.
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This glossary post was last updated: 15th February, 2020