Share:

Some people use the terms realtor and real estate agent interchangeably, but there are considerable differences between the two. Herron Realty in Old Forge, NY, has a team featuring both of these professionals. From agent to broker, all offer a variety of skills and licenses that may be better suited for certain customers. Realtors themselves offer a broad range of benefits that could line up with your home buying or selling needs.

Realtor vs. Real Estate Agent: What's the Difference & Who to Choose

Comparing the Two

It’s true that a realtor and real estate agent both hold licenses to practice in their state, but there are some slight differences. A real estate agent must complete a 75-hour pre-licensing course and pass the final. Then, they must pass a state exam to obtain their license. Finally, as a new agent, they find a licensed broker to be their sponsor.

A realtor is also a member of the National Association of Realtors®, an organization that holds its members to high ethical standards in all real estate transactions. These individuals are expected to have a deeper knowledge of the buying and selling process than the average agent.

Choosing a Realtor Over a Real Estate Agent

realtorOpting for a realtor means you’ve selected an individual who holds themselves to moral standards as outlined by the board’s ethical guidelines. You can be confident they’re guiding you honestly every step of the way versus simply looking out for their own gain. For example, article 2 of the code states the realtor “shall avoid exaggeration, misrepresentation, or concealment of pertinent facts relating to the property or the transaction.” This means your realtor won’t hide major water damage just to ensure they get the commission from your sale.

Further, their more intricate knowledge of transaction procedures and laws reduces any risk of a misstep in the real estate process. These benefits are particularly important for first-time buyers or sellers who have no experience in the market. For example, your realtor will have a keen understanding of what to look for during the due diligence period to uncover any major problems. They can also help you understand the legal jargon of any closing documents involved so you know exactly what you’re agreeing to.

Even if you’re not a first-time buyer or seller, using the expert services of a licensed realtor can alleviate the stress of the buying and selling process. With high ethical standards, intricate real estate experience, and a license from the state, you know a realtor can help you from start to finish. Herron Realty has the most knowledgeable group of these professionals in New York, so don’t hesitate to schedule a meeting with them at (315) 369-6910. Or, visit their website to learn more about their staff. 

tracking