Thursday, April 14, 2011

REALTOR?? Who really is a Realtor?

Some people use the work realtor often but the word Realtor has a legal meaning. Did you understand it this way?

About REALTORS®

When is a Real Estate Agent a REALTOR®?
The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics.
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Code of

Ethics
The Code establishes time-honored and baseline principles that come from the collective experiences of REALTORS® since the Code of Ethics was first established in 1913. Those principles can be loosely defined as:


Loyalty to clients;
Fiduciary (legal) duty to clients;
Cooperation with competitors;
Truthfulness in statements and advertising; and non-interference in exclusive relationships that other REALTORS® have with their clients.
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Designations
To earn a designation, a REALTOR® has taken coursework and demonstrated specific skills, performance and knowledge in a particular area of the real estate industry.
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Consider a Career in Real Estate
Helping people buy and sell homes, office buildings, industrial property and corporation farmland, property management, land development, mortgage banking, urban planning, real estate counseling, appraisal and research are all aspects of a career in real estate.
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Join Your Local Board of REALTORS®
Members belong to one or more of some 1,700 local associations/boards and 54 state and territory associations of REALTORS®. Additionally, they can join one of our many institutes, societies and councils to enhance their expertise and network with other professionals globally. Membership in a local association automatically extends your membership to the state association and national association.
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