Real estate agents are a great resource for people who are looking to buy or sell a home. A Realtor can provide advice, help weed out properties that don’t meet your needs, and even refer you to a mortgage broker if you need one. Using a real estate agent can make the process less stressful and easier to manage. It also protects you from paying too much and getting shut out.
The National Association of REALTORS(r) is a group of licensed real estate professionals who are dedicated to the real estate industry. They are required to uphold a strict Code of Ethics. This code covers the duties and obligations of a realtor towards both customers and other real estate professionals.
The NAR Code of Ethics and Professional Standards is updated annually and consists of 17 articles. These articles cover many different areas of professional standards of practice, from advertising to client treatment. Buying and selling a home is a very complicated process. There are lots of moving parts, and you want to know that you are dealing with someone who will treat you fairly.
One of the most important skills a Realtor has is the ability to negotiate an offer. If you are buying a home, you want to have the best deal possible, and a good agent can help you get there. You don’t have to have a Realtor to purchase a home, but having one will save you a lot of hassle. Your agent can explain the advantages and disadvantages of various homes. He or she can estimate the amount of money you will have to invest in your new home and can suggest financing options.
A Realtor can also assist you with other aspects of a home sale, including handling phone inquiries and preparing paperwork. Many agents can offer referrals to inspectors and contractors. In some cases, they can even help you accrue down payment.
Real estate agents are required to be licensed by the state they work in. In some states, they must be at least 21 years old. Licenses must be renewed every two to four years.
Agents have to undergo continuing education, as well. Many agents also hold a membership in the National Association of REALTORS(r). By becoming a member of the NAR, you can gain access to additional education and certifications.
Another benefit of working with a REALTOR(r) is that you will be able to use the REALTOR(r) name and trademark. The REALTOR(r) is a federally registered collective membership mark. This designation is important in establishing your reputation and is considered a powerful marketing tool.
The Code of Ethics & Professional Standards states that a Realtor must provide service to all clients in an ethical manner. They must also refrain from discrimination. For example, they must disclose any family relationships, and they must avoid giving services to people they do not have the appropriate qualifications for. Lastly, they must remain honest in their advertisements.