Error: Eight states have “minimum service laws” that require REALTORS® to provide a level of service many Internet discounters can’t afford.
Fact: “REALTOR®” is a trademarked term and should never be used synonymously with “real estate agent.” The intent of minimum service laws is to ensure consumers receive a minimal level of service from licensees.
… NAR supports all business models and favors none. NAR’s 1.3 million members include REALTORS® who work on a full-service basis, as well as those who consider themselves to be limited service, fee-for-service, minimum service, and discounters.
Never use REALTOR® synonymously with “real estate agent” (except when we do it two paragraphs later).
