BuyingAHome-JenniferChristenot
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FAQ’S ABOUT BUYING A HOME<br />
1.) What is the difference between a real estate agent, a<br />
Realtor, and a broker?<br />
When buying a home, especially before the process has even<br />
begun and you’re looking for a real estate agent, you’ll come<br />
across the terms agent, Realtor, and broker. So what’s the<br />
difference, and how are you supposed to know which one to<br />
choose?<br />
A real estate agent is anyone that is licensed to accommodate<br />
the sale or purchase of real estate, land or property, to any<br />
individual or business. To earn a real estate agent license an<br />
individual must undergo a number of courses and training<br />
pertaining to real estate transactions and the law surrounding<br />
them, and then pass a final exam. The requirements and<br />
coursework vary from state to state but it typically consists<br />
of 40-90 hours of study time. All states also require that real<br />
estate agents are at least 18 years of age. Once the individual<br />
has completed the training and passed the exam, they cannot<br />
operate independently even though they now have their real<br />
estate license. They must work for a real estate broker.<br />
A Realtor is a real estate agent that has undergone extensive<br />
training past the minimum amount required, is a member<br />
of the National Association of Realtors (NAR), and subscribes<br />
to the Realtor Code of Ethics. The ethics training undergone<br />
by potential Realtors must be completed within one year of<br />
FAQ’S ABOUT BUYING A HOME | JENNIFER CHRISTENOT<br />
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