Many people, when buying or selling a property, employ the services of a real estate professional.
They believe, and rightly so, that real estate professionals, especially a licensed real estate broker, or a realtor, can help them sell or buy a property faster than when they do it by themselves.
Is A Real Estate Agent the same as A Realtor?
In the eyes of the public, “real estate agent” and “realtor” are the same and used interchangeably. However, there’s a great difference between the two.
Under the law – Real Estate Service Act (RESA), a real estate agent is a salesperson accredited by the Professional Regulation Commission (PRC), upon the recommendation of his/her real estate broker. The real estate agent is given permission to represent the broker in the buying and selling of real estate properties.
On the other hand, a realtor is a licensed real estate broker who is a member of the National Association of REALTOR® (NAR) of the United States of America.
So, the term “REALTOR®” is a registered collective membership mark that identifies a real estate professional who is a member of the NAR and abides by its strict Code of Ethics. From their voluntary adherence to a Code of Ethics to their incomparable knowledge of real estate processes, REALTORS® are the experts of residential and commercial property transactions.
Therefore, not all licensed real estate brokers are Realtors®, but all Realtors® are licensed real estate brokers.
Is A Realtor Better Than Real Estate Agent or Vice-Versa?
There is no comparison between the two. Realtors, as licensed real estate brokers, have lots of success in helping their clients, while some Agents struggle to satisfy their clients.
However, many people in buying or selling their properties prefer Realtors because they must comply with a Code of Ethics being licensed professionals and the standard set by NAR, which in part gives the client some additional assurance of ethical conduct.
Realtors in Bacolod City and Negros Island
In Bacolod City and Negros Island, the partners of E. GATANELA REALTY CO. are Realtors®, being members of the National Association of REALTORS® of the United States of America.
As such, if you want to buy or sell your property in Bacolod City or in Negros Island, or you need advice on the value of your property (real estate appraisal) or you are looking for real estate legal consultants, just contact E. Gatanela Realty Co. e-mail: email@example.com