What is the difference between a Realtor and a real estate agent?
Hey there, I’m Sherien Joyner, your trusted North Dallas Realtor, and I specialize in helping families like yours find their dream homes in beautiful Carrollton, Texas, and the surrounding cities in North Dallas.
If you’re on the hunt for a new place to call home, you might have come across the terms “Realtor” and “real estate agent” more times than you can count.
But here’s the real question: Is there a difference between the two, and does it matter when you’re searching for that perfect nest for your family? Well, let’s dive in and uncover the distinctions, shall we?
Realtor Vs. Real Estate Agent: Key Differences
Before we dig into the details, it’s essential to understand that both Realtors and real estate agents can help you with buying a home. However, what sets them apart are a few key factors that can make all the difference in your real estate journey.
Realtors vs. Real Estate Agents: Key Differences at a Glance
Realtors:
- Members of the National Association of Realtors (NAR), adhering to a strict Code of Ethics.
- Committed to high ethical standards, putting clients’ interests first.
- Access to a wide range of resources, including market data, legal support, and industry connections.
- Ongoing professional development and training opportunities.
- May charge higher commissions or fees due to NAR membership.
Real Estate Agents:
- May or may not be NAR members, and not bound by the NAR’s Code of Ethics.
- Ethical standards can vary among individuals.
- Often has limited access to resources compared to Realtors.
- May offer lower commissions or fees due to lack of NAR membership and ethical standards.
- Some may have a broader range of expertise, including commercial real estate and property management.
I have put together a comprehensive home buyer’s guide just for you. 
What Is A Real Estate Agent?
A real estate agent is a licensed adviser who assists a residential or commercial buyer or seller in a real estate related transaction.
So, what exactly does a real estate agent do? Think of them as your real estate matchmakers. These professionals are licensed to assist you in buying or selling property. They play a crucial role in helping you navigate the complex world of real estate transactions.
How To Become A Real Estate Agent
Becoming a real estate agent takes a bit of effort, but it’s definitely doable. You’ll need to complete coursework and pass exams to obtain your license. It’s like studying for your driver’s license, but instead of hitting the road, you’re hitting the real estate market.
How Do Real Estate Agents Earn Money?
Real estate agents often work on a commission basis, earning a percentage of the sale price when a transaction is successfully closed. This means they have a strong incentive to ensure you get the best deal possible.
"You could say the difference between a real estate agent and a Realtor is like the difference between a nurse and a doctor. Both have to be educated and take training, but a Realtor has a higher level of education and is more ethically and professionally responsible to their clients."
What Is A Realtor?
Now, let’s talk about Realtors. You could say the difference between a Realtor and a real estate agent is like the difference between a nurse and a doctor.
Both have to be educated and take training, but a Realtor has a has a higher level of education and is more ethically and professionally responsible to their clients.
Realtors are members of the National Association of Realtors (NAR), an organization that sets a high standard for ethical conduct in the real estate industry.
Code Of Ethics
Realtors follow a strict Code of Ethics, which means they are committed to putting your interests first. I can’t stress enough how crucial this is. It’s like having a superhero on your side, dedicated to ensuring you get a fair and ethical deal.
17 Articles of the NAR’s Code of Ethics
The NAR’s Code of Ethics consists of 17 articles, each addressing different aspects of ethical behavior. It’s a comprehensive set of guidelines that covers everything from honesty and integrity to confidentiality and fairness. Here are the guidelines summarized:
Article 1: Duties to Clients and Customers
Realtors must protect and promote their clients’ interests while treating all parties honestly. They should provide professional services in a competent manner.
Article 2: Duties to the Public
Realtors must provide accurate and truthful advertising and avoid false or misleading statements about properties and real estate transactions.
Article 3: Duties to Other Realtors
Realtors must cooperate with other Realtors and refrain from making false statements about competitors. They should resolve disputes through arbitration rather than litigation.
Article 4: Duties to Employing Brokers
Realtors must respect and preserve their relationships with their employing brokers and not interfere with their exclusive relationships with clients.
Article 5: Duties to Clients
Realtors must not reveal confidential information provided by clients without their consent. They should protect their clients’ interests throughout the transaction.
Article 6: Duties to the Public
Realtors should provide equal professional services to all clients regardless of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.
Article 7: Duties to Clients
Realtors must provide honest and accurate information about properties and market conditions to clients and avoid exaggeration, misrepresentation, or concealment of pertinent facts.
Article 8: Duties to Clients
Realtors should not commingle client funds with their own and must maintain proper records of client funds and property.
Article 9: Duties to Clients and Customers
Realtors must not refuse to cooperate with other brokers or interfere with their contractual relationships with clients.
Article 10: Duties to the Public
Realtors must not deny equal professional services or discriminate in any way based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.
Article 11: Duties to Clients
Realtors must not provide professional services outside their area of competence unless they engage the assistance of someone with expertise.
Article 12: Duties to Clients and Customers
Realtors must be truthful when advertising themselves, their services, or their properties.
Article 13: Duties to Clients
Realtors should not engage in activities that could harm their clients’ interests or present a conflict of interest without informed consent.
Article 14: Duties to the Public
Realtors should present a true picture in their advertising, marketing, and other representations.
Article 15: Duties to Clients
Realtors must not make false or misleading statements about other real estate professionals.
Article 16: Duties to Clients and Customers
Realtors should not use access to listing information to promote their interests or harm the interests of clients.
Article 17: Duties to Clients
Realtors should arbitrate disputes between clients and other Realtors in accordance with NAR’s procedures.
I have put together a comprehensive home seller’s guide just for you. 
What are the pros and cons of using a real estate agent vs a Realtor?
Working with a Realtor Pros:
1. High Ethical Standards: Realtors are bound by a strict Code of Ethics established by the NAR, which emphasizes honesty, integrity, and client-centric practices. This commitment can provide peace of mind to clients.
Scenario: If ethical conduct is a top priority, especially when dealing with substantial transactions, a Realtor’s adherence to a stringent code can be reassuring.
2. Access to Resources: Realtors often have access to a wide range of resources, including market data, legal support, and industry connections, which can benefit their clients. This access can be invaluable when navigating complex transactions.
Scenario: When dealing with intricate real estate matters, such as negotiations involving multiple parties or legal complexities, a Realtor’s access to resources can be a significant advantage.
3. Continual Education: Realtors often undergo additional training and education, which leads to a significantly deeper understanding of the real estate market and trends. This ongoing learning ensures they stay updated on industry developments.
Scenario: If you want an agent who is well-versed in the latest market trends and regulations, a Realtor’s commitment to continuous education is beneficial.
Cons:
1. Potentially Higher Costs: Realtors may charge higher commissions or fees due to their NAR membership and access to additional resources. This can lead to increased transaction costs.
Scenario: If cost savings are a top priority, you are necessarily putting high ethical standards as a priority, and you have confidence in the local expertise of a real estate agent, you might opt for the more budget-friendly option.
2. Varied Expertise: While Realtors must adhere to ethical standards, the quality of service can vary among individuals. This means that some Realtors may excel in certain areas while others may have limited expertise in specific real estate niches.
Scenario: When choosing a Realtor, it’s essential to consider their experience and track record in the type of transaction you’re pursuing, whether it’s residential, commercial, or other specialties.
3. Possible Limited Focus to Residential Homes: Some Realtors may primarily focus on residential real estate, which could limit their expertise in other areas like commercial real estate. This specialization might not align with your specific needs.
Scenario: If you require expertise in a niche market, such as commercial properties, you may need to seek out a Realtor with the appropriate specialization or consider other professionals.
Using a real estate agent Pros:
1. Cost Savings: Real estate agents may charge lower commissions or fees compared to Realtors because they may not have to pay membership dues to organizations like the National Association of Realtors (NAR). This can be advantageous for budget-conscious buyers or sellers.
Scenario: If you’re looking to minimize transaction costs and have confidence in the local expertise of a real estate agent, they may offer a cost-effective solution.
2. Diverse Expertise: Real estate agents often have a broader range of expertise, including commercial real estate, property management, and other related fields. This can be beneficial if you have unique real estate needs beyond residential transactions.
Scenario: If you’re needing both residential and commercial property transactions, a real estate agent with diverse expertise may be able to assist you.
3. Local Focus: Although rare, some real estate agents might specialize in specific local markets, making them highly knowledgeable about local neighborhoods and trends. This local focus can be advantageous when buying or selling in a specific area.
Scenario: If you’re particularly interested in a specific neighborhood and want an agent who knows it inside out, a local real estate agent may be the best choice.
Real estate agent Cons:
1. Lack of Code of Ethics: Unlike Realtors, real estate agents are not bound by the NAR’s strict Code of Ethics, which means they may not adhere to the same ethical standards. This can result in variations in the level of professionalism and conduct.
Scenario: If you value ethical conduct and want assurance that your agent prioritizes your best interests, a Realtor will be a safer bet.
2. Limited Resources: Real astate agents do not have access to the same resources, networks, and professional development opportunities as Realtors. This can affect the breadth of support and market insights they can provide.
Scenario: If you’re seeking comprehensive resources and industry connections, particularly for complex transactions, a Realtor will offer a more robust package.
3, Potentially Less Accountability: Since they are not NAR members, real estate agents will have fewer avenues for dispute resolution and may not be held to the same ethical standards. This can impact the handling of disputes or conflicts of interest.
Scenario: If you want assurance that disputes will be resolved ethically and professionally, a Realtor’s commitment to the NAR’s dispute resolution process would be the better choice.
Is The Word Realtor Always Capitalized?
Yes, The term “Realtor” should always be capitalized. It’s not just a title; it’s a mark of distinction for ethical and professional conduct in real estate.
How To Become A Realtor
Becoming a Realtor involves not only obtaining a real estate license but also joining the NAR. Realtors often undergo additional training and education, which can translate into a deeper understanding of the real estate market.
Becoming a Realtor involves several steps. Here’s an overview of the typical process:
1. Meet Eligibility Requirements:
To become a Realtor, you must first meet the eligibility criteria, which typically include being at least 18 years old and holding a valid real estate license in your state.
2. Join a Local Realtor Association:
Locate and join a local Realtor association affiliated with the National Association of Realtors (NAR). You may need to pay local association dues.
3. Become a Member of Your State Association:
Join your state’s real estate association, which is typically a prerequisite for NAR membership. State association dues may apply.
4. Apply for NAR Membership:
Submit your application for NAR membership, including the required fees. Once accepted, you become a Realtor and gain access to NAR’s benefits and resources.
5. Complete Code of Ethics Training:
New Realtor members are often required to complete an ethics training course that covers the NAR’s Code of Ethics.
6. Adhere to Professional Standards:
As a Realtor, you must uphold the high ethical standards outlined in the NAR’s Code of Ethics, treating clients and colleagues with honesty and integrity.
7. Access Benefits and Resources:
Enjoy the benefits of Realtor membership, such as access to market data, legal support, professional development, networking opportunities, and more.
8. Stay Informed and Engaged:
Actively participate in your local, state, and national associations, staying informed about industry trends and advocacy efforts.
9. Continuing Education:
Continually pursue additional training, certifications, and continuing education to enhance your skills and knowledge as a Realtor.
10. Renew Membership:
Realtor membership requires an annual renewal, membership dues, and fulfilling regular ongoing education requirements.
This first step to planning for a successful home sale is to understand the value of the home you are about to sell. An instant home valuation can get you one step closer.
Understanding the Costs of Becoming a Realtor and Membership Fees’ Purpose
Becoming a Realtor involves certain costs, primarily related to membership fees in the National Association of Realtors (NAR) and its affiliated associations. The fees and their purposes can vary, but here’s a general overview:
- Local Association Dues: Realtors typically join a local Realtor association, which may have its own dues. These fees support local programs, services, and advocacy efforts. The cost can vary widely based on the location and size of the association.
- State Association Dues: In addition to local associations, Realtors often join their state association, which may have its own membership dues. These fees support state-level advocacy and services.
- National Association of Realtors (NAR) Dues: NAR is the umbrella organization for Realtors in the United States. It sets national standards and provides various resources and benefits to members. NAR dues are typically the most significant component of Realtor membership fees.
Membership in NAR grants Realtors access to a range of benefits and resources, including:
- Code of Ethics: Realtors are bound by a strict Code of Ethics that emphasizes honesty, integrity, and ethical conduct in real estate transactions.
- Professional Development: NAR offers educational programs, courses, and certifications to help Realtors enhance their skills and knowledge.
- Advocacy: NAR engages in advocacy efforts at the national level to promote and protect the interests of Realtors and homeowners.
- Market Data: Realtors gain access to market data, research, and reports to stay informed about real estate trends.
- Legal Support: NAR provides legal resources and support, including assistance with ethical and professional conduct matters.
- Networking Opportunities: Realtors can network with other professionals in the real estate industry, attend conferences, and connect with peers.
- Use of the Realtor Trademark: Realtors are authorized to use the Realtor trademark, which can enhance their professional image.
Broker Vs Realtor
Some Realtors are also Real Estate Brokers, and this distinction is essential. Brokers have additional training and experience, which means they can offer a higher level of expertise and support.
How Do Brokers Earn Money?
Brokers typically earn money by taking a portion of the commissions earned by their agents. This means they have a vested interest in helping their agents succeed, which ultimately benefits you.
Working With A Broker vs. Real Estate Agent
Choosing to work with a Broker or a real estate agent directly depends on your needs. Working with a Broker can provide you with a team of experts and additional resources, while a real estate agent might offer a more personalized experience.
Why Should I Work With A Real Estate Professional?
Now, you might be wondering, “Why can’t I just go it alone and sell my home or buy one without professional help?” Well, you can, but here’s the scoop on why working with a real estate professional is a smart move.
Can You Sell Your Home On Your Own?
Selling your home without professional assistance, often called For Sale By Owner (FSBO), is possible, but it’s not for the faint of heart. It involves a significant amount of work, including marketing, negotiations, and legalities.
Personal Anecdote: I’ve seen well-meaning homeowners take the FSBO route, only to find themselves overwhelmed by the complexities of the real estate process. It’s a bit like trying to navigate a maze without a map.
Working with a licensed real estate professional, whether it’s a real estate agent or a Realtor, can make a world of difference. They bring knowledge, expertise, and negotiation skills to the table, ensuring you get the best deal possible.
I would be thrilled to help you with any of your real estate needs. Whether you’re looking to buy, sell, or just need some guidance, I’m here to assist you every step of the way.
Conclusion
So, is there a difference between Realtors and real estate agents? Yes, indeed! Realtors are like the superheroes of the real estate world, bound by a strict Code of Ethics and dedicated to your best interests.
Real estate agents are less trained and not held to a high ethical standard, but there are some who can offer quality assistance in property transactions.
When you’re on the hunt for a new home in Carrollton, Texas, and surrounding neighborhoods, it’s essential to understand these distinctions.
Your choice depends on your unique needs and priorities. But here’s the bottom line: Whether you work with a Realtor or a real estate agent, having a real estate professional by your side is a smart move in your home-buying journey.
If you’re ready to explore North Dallas’ real estate market or have any questions about finding your dream home, don’t hesitate to reach out.
I’m Sherien Joyner, your friendly North Dallas Realtor, and I’m here to guide you every step of the way.
Happy house hunting!
Popular FAQ’s
1. How do I choose between a Realtor and a Real Estate Agent?
Choosing between a Realtor and a real estate agent depends on your specific needs and priorities.
Consider factors such as the complexity of your transaction, your budget, and the importance of ethical standards.
If you value a higher level of ethical conduct and access to extensive resources, a Realtor may be the right choice.
If cost savings or specialized expertise are more critical, a real estate agent might be suitable.
2. What qualifications should I look for in a real estate professional?
When evaluating a real estate professional, look for qualifications such as licensing, experience, and a track record of successful transactions in your desired market.
Consider their knowledge of local neighborhoods and their ability to communicate effectively.
Additionally, if ethical standards are essential to you, choosing a Realtor who adheres to the NAR’s Code of Ethics can provide added assurance.
3. Can I switch from working with a Real Estate Agent to a Realtor during my home-buying process?
Yes, it is possible to switch from working with a real estate agent to a Realtor during your home-buying process.
You can make this transition if you find that you prefer the benefits and ethical standards offered by Realtors.
It’s advisable to discuss the switch with both your current agent and the Realtor you plan to work with to ensure a smooth transition without any contractual or ethical issues.
4. What is the primary difference between a Realtor and a Real Estate Agent?
The primary difference lies in their affiliation with the National Association of Realtors (NAR).
Realtors are members of the NAR and adhere to a strict Code of Ethics, emphasizing honesty, integrity, and client-centric practices.
Real estate agents, while licensed professionals, may not be NAR members and are not bound by the same ethical standards.
5. Are there any additional costs associated with working with a Realtor compared to a Real Estate Agent?
Yes, there can be additional costs associated with working with a Realtor. Realtors may charge higher commissions or fees due to their NAR membership and access to additional resources.
However, it’s essential to weigh these potential extra costs against the benefits of ethical standards, resources, and support offered by Realtors to determine if the investment aligns with your needs and priorities.
Unlocking Your Real Estate Goals with a Trusted Partner
When embarking on your real estate journey in North Dallas, Texas, partnering with the right professional can make all the difference.
Whether you choose a Realtor or a real estate agent, the ultimate goal is to achieve your real estate aspirations efficiently and effectively.
Why Choose a Realtor?
Partnering with a Realtor means having a dedicated advocate who not only understands the local market intricacies but also upholds the highest ethical standards.
When you work with a Realtor like me, Sherien Joyner, you gain access to a wealth of resources, market insights, and a commitment to putting your interests first.
Our collaboration is built on trust and the assurance that your real estate journey will be guided with integrity and expertise.
Recommended Reading
Why You Should Hire a Realtor When Building a New Home?
How Much Do You Lose Selling a House As Is?
How to get preapproved for a home loan?
Understanding Credit Rating to Buy a Home in North DFW, Texas
Home Sellers, Discover the Best Time to Sell Your House NOW!
