Colorado Springs Vintage Homes Blog

Real Estate Agent or Realtor?

What is the difference between a Colorado Springs Realtor and a Colorado Springs Real Estate agent?

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Most Home buyers and home sellers the Colorado Springs area use the terms REALTOR® and Real Estate Agent interchangeably, but that is not correct.   There are many differences between REALTORS® and real estate agents.    They are not the same……………..

What is a  Realtor®?

1. Realtors® subscribe to a strict Code of Ethics set forth by the National Association of Realtors, which contains 17 Articles and various underlying Standards of Practice.
2. Realtors® must complete mandatory quadrennial Code of Ethics training.
3. Realtors® belong to the local Realtor® boards, which contribute listings to the MLS (Multiple Listing Service®).
4. Realtor® agree to arbitration procedures used to settle any complaints, whether from consumers or other Realtor® members.
5. Realtors® belong to the professional organization, National Association of Realtors®. Read the rest of this entry »

Tags: access to the MLS, Code of Ethics, Multiple Listing Service, Real estate agent, realtor, Realtor Arbitration, Realtor ethics, Realtor vs. real estate agent?