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Realtor Or Real Estate Agent - What's The Difference
By Jo Caubra'
Many homebuyers are confused
about the terms "Realtor" and "real estate
agent." and believe they mean the same
thing. This is not true.
The term "Realtor," which is a
nationally registered trademark for mem
bers of the National Association of
Realtors, is a distinction earned only by
those real estate brokers and agents who
are members of the National Association
of REALTORS and abide by its strict
Code of Ethics.
Each Realtor is pledged to uphold
the standards of the National Association
of Realtors Code of Ethics. Working with
a Realtor ensures that you will receive fair
and ethical treatment in all matters of your
transaction.
The Code demands^high professional
conduct, and before being admitted to
membership, the agent or broker pledges
to abide by the Code. The -essence of the
Code is the golden rule contained in the
preamble: "Whatsoever ye would that oth
ers should do to you, do ye also unto
them."
Realtors have been working since
1908 to unify and standardize their busi
ncss practices. For over 80 years, people
buying and selling property have turned to
Realtors for professional support.
Not all real estate licensees are
Realtors. A real estate broker or agent
who is not a "Realtor" is governed only
by state license laws. Realtors are gov
erned by the Code and Violations of the
Code can result in suspension or expul
sion from membership. This additional
accountability to the Code helps ensure
professional and ethical business practices
by members of the Realtor organization.
? Using a Realtor, in most cases, also
allows the property seller to have the
advantage of having their home listed in
the Mul^ple Listing Service of the Realtor
Association. The use of this Service
allows the property of the seller to be
shown and possibly sold by the other 800
members of the Multiple Listing Service.
In this way, the seller is provided with the
best possible exposure which results m a
quicker sell of their property.
When buying or selling a home, look
for the block "R" symbol. It's the mark of
a real estate professional. H3
Jo Caubre' is the Executive Director
of the Winston-Salem Association of
Realtors
Questions You Should Ask Your Builder
By Holly Ford
Lots of people go through model
homes. Some go to "dream of the day
when...," while others go to look for inte
rior decorating ideas and to see what's
new, and the rest are there to buy a new
home.
You might think that the salesperson
is there just to sell you a home. But the
sales representative should be considered
as resource information on the home,
development and area. Besides the ques
tion of "how^much does it cost?" and
/'when can we move in?" here are some
other questions to note the answers to:
? Does the builder have a financing
plan established?
? Are there options in the floor plan ?
can a basement or deck be added?
? Can a room such as the basement be
left unfinished?
? How much "customizing" can be
done versus standard features?
? Can appliances be up- or down
graded?
? Arc there any additional fees relat
ing to the home or development?
? Does the price include landscaping?
? Are there are restrictive covenants?
? What are the estimated taxes on the
property?
? How is the school system rated?
? Are daycare and grocery stores con
venient and satisfactory?
? What about emergency facilities ?
police, fire department and hospitals?
? Are there any major development
plans for the area in the next 5 years?
You have a right to and need to ask
every question that you think is important.
A little research with the neighbors is also
a good idea.
Remember, a professional builder and
sales representative will want you to be a
happy and satisfied homeowner. Their
next sale could depend on your reference.
Holly Ford is the Executive Director
of the Winston-Salem Home Builders
Association.