For many sellers and buyers, enlisting a professional who knows the local housing landscape is a critical first step. These specialists are often referred to as either real estate agents, Realtors®, or brokers. Whether you’re searching for homes for sale or putting yours on the market, each agent has distinctive roles and responsibilities to help you meet your needs. The following guide discusses the differences between all three.

Real Estate Agent

This licensed professional helps individuals and investors sell, buy, and rent residential and commercial properties. Real estate agents are typically buyer or listing agents. Buyer agents assist shoppers with transactions surrounding homes for sale, while listing agents assist sellers who want to sell their houses.

To earn the title of real estate agent, a person must take a certain number of coursework hours, the amount of which varies in each state. Once they’ve completed the classes, they are required to pass the designated state exam to become licensed. To keep their licenses current, real estate agents are typically required to take continuing education courses.

Realtor

Current members of the National Association of Realtors® (NAR) are known as Realtors. They are real estate agents who abide by a strict code of ethics and professional industry standards. To become NAR members, the agents must also be distinguished by a spotless conduct record with consumers.

In addition to taking the required coursework, passing the state exam, and becoming licensed, Realtors must also take continuing education courses, maintain impeccable client records, and pay dues to remain active NAR members.

Broker

A broker is also a real estate agent who has additional responsibilities, such as reviewing contracts and ensuring transactions and other matters comply with legal guidelines. Like real estate agents and Realtors, brokers can assist buyers in searching for homes for sale and helping sellers with property sales. Some brokers serve in a management role by overseeing a team of agents.

Brokers are also required to take coursework and pass a state broker’s exam to become licensed to practice. In addition to classes taken by real estate agents and Realtors, brokers receive instruction in specialized areas, such as property management and investment and brokerage services.

Whether you’re buying or selling a home, get an experienced professional to help you navigate the process. Since 1975, Blum & Leonard Insurance and Real Estate in Estherville, IA, has provided personalized and customized service for clients. The team is 100% committed to exceeding your expectations. To learn more about current homes for sale, call (712) 362-7272. Visit the website for information on the agency’s listings.