As seen in the Daily Camera
Of the some 30,000 licensed real estate agents in the state of Colorado, about two-thirds belong to the National Association of REALTORS® (NAR). The title “Realtor” is often used loosely to describe both those who are part of NAR and those who are licensed real estate agents, but the difference is important to both buyers and sellers.
So, what separates a REALTOR® from a licensed real estate agent?
-REALTORS® have access to accurate and up-to-date national listing data on the Internet. Not to mention the most accurate and up-to-date real estate information, which differs by city and changes often.
-NAR has one of the largest Political Action Committees (PAC) in the nation. NAR members lobby in front of congress to protect private property rights, mortgage interest, and other tax incentives that directly affect their clients.
-A large network. With one million REALTORS® in the U.S. alone, NAR conventions pull an average of 20,000 REALTORS® from around the world to discuss real estate topics and make connections with other REALTORS®.
-Continuing Education. REALTOR® University offers degree, designation, and certification-granting programs that include a Masters in Real Estate (MRE) degree and Short Sale and Foreclosure Resource (SFR) among others.
-Code of Ethics. Establishing and maintaining the REALTORS® Code of Ethics, the cornerstone of the REALTOR® organization. It adapts to the changing industry and ensures buyers, sellers, and REALTORS® are protected against wrongdoings through dispute resolution, mediation, and arbitration tools and procedures.
Listen to this episode of ROB Radio for the full scoop on Who needs a REALTOR® anyway? and for interviews with Kati Harken, Greg Zadel, and Duane Duggan of NAR.