What's the difference?

In the Real estate industry, we run into tons of new acronyms and words that sound similar and confusing. There is also some confusion when it comes to certain professional roles. I am here to put that confusion to rest and differentiate the words REALTOR®, Real Estate Agent, and Broker.

REALTOR®:
First, I will start with the difference between a REALTOR® and a Real Estate Agent.
To start, a REALTOR® is a trademark term that refers to members of the National Association of Realtors.
Not all members of the NAR are licensed real estate agents; However, there are options for non-licensed individuals to join the NAR.
--The NAR is responsible for creating and improving ways to own, buy, and sell real property. It’s a voluntary membership, which you must pay a fee to join. In order to join, you must take (and pass) a code of ethics course and the exam, along with an orientation course and exam. Let me know if you want me to dig into deeper detail regarding the NAR, there's so much more to add.
Next, Real Estate Agent. An agent is someone who took and passed the pre-licensing exam, the state exam and paid for licensure. Once you become licensed, you are NOT automatically a REALTOR®, you still need to take the courses and exam to become a certified member.
Lastly, Real Estate Broker. Brokers have taken their education beyond agent level. A Real Estate Broker is someone who has been licensed as a real estate agent for at least five years and worked actively as an agent for three of the five years (in Georgia). A broker has also taken the brokers licensing exam. A broker’s role is to take responsibility for his/her subordinate agents’ actions.
Let me be the first to admit that real estate terminology can be overwhelming and confusing. Upon taking my pre-licensing course, I realized how much information I did not know.
I am glad to be at the point where I am currently to be able to lend a helping hand and help others understand the terminology. If you have any questions about real estate or investments, call or text me! Let me know if there is anything specific you want me to discuss. Type to you soon!
Click this link if you are interested in having a conversation about purchasing a home or selling your home.