You have probably heard the terms REALTOR®, broker and real estate agent used interchangeably and perhaps never even given a thought to there being a difference between the terms. While they all can assist you in buying or selling a home there are a few differences that clients should understand:
- Real Estate Agents must work for a broker and are a representative of the broker. Brokers have extensive education to be able to own and/or run a brokerage while having other agents work for them.
- A REALTOR® is an agent or broker that is held to an extensive Code of Ethics, with an immaculate professional conduct record holding them to a higher standard than a real estate agent. The National Association of Realtors is the largest trade association in the United States and part of its mission is developing standards for efficient and ethical real estate business practices.
So, next time you are thinking about contacting a real estate professional, make sure you are contacting a REALTOR®! As a client, you can feel at ease knowing that here at Chorey & Associates Realty LTD, our licensed real estate professionals in Suffolk, VA, are all members of the Hampton Roads Realtor Association (under the NAR umbrella) vetted and sworn to uphold professional standards that we will not compromise. We are proudly continuing a tradition of excellence in our profession.
This blog post has been brought to you by:
HRRA Board of Directors, 2020-2021
Chorey & Associates Realty, Ltd.
330 W. Constance Rd. Suffolk, VA 23434
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