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How do you find an “agent”, and why do most agents become “Realtors”? What’s the difference to the customer?
An individual can join the National Association of Realtors and become a “Realtor” without even holding a license to sell real estate. For instance, there are a few Realtors who are appraisers, not agents or brokers. NAR even offers professional designations for appraisers (RAA for residential appraisers and GAA for commercial appraisers).
One of the most politically active groups in the affairs of The Appraisal Foundation is NAR and its Appraiser section.
Not all agents or brokers are Realtors and not all Realtors are agents or brokers.
That’s why Realtor comes with a capital R.
Milton Friedman said “I am a libertarian with a small l and a Republican with a capital R. And I am a Republican with a capital R on grounds of expediency, not on principle.”
Semantics are often times very important.
Most agents become Realtors for two reasons:
1) The salesperson has to carry the same designations as their employing broker. If the broker is a Realtor, all the salespeople affiliated with that broker must be Realtors. And vice versa.
2) In SD County, only Realtors have access to the extremely handy computerized forms. Non-Realtors have to drive to a service center, pay big money for the forms, and fill them out by hand. Hand written forms aren’t as professional looking.
That’s why I became a Realtor today. I can’t believe it myself.