Is your real estate agent a Realtor®? It might surprise you to learn that there’s a difference between the two. Every Realtor® is a real estate agent, but not every real estate agent is a Realtor®. So, what makes Albuquerque Realtors® different from real estate agents? We’ll explore the differences in this article, so you can feel more confident about your decision to work with a Realtor® who can help make the homebuying process as pain-free and straightforward as possible.
- National Association of Realtors® membership required
- Ongoing education is a big deal for Realtors®
- A rock-solid code of ethics and conduct
- Did you know? Realtor® is a protected term!
- What makes Albuquerque Realtors® different from real estate agents?
Identifying what makes Albuquerque Realtors® different from real estate agents will help you make a smart decision about who you choose to work with when it comes time to buy a home. While a run-of-the-mill real estate agent might work hard to help you find your home, Realtors® go above and beyond by nature to meet the high expectations of the title they hold. Here’s what sets Realtors® in Albuquerque apart.
National Association of Realtors® membership required
To earn the title of “Realtor®” you need to be a member of the National Association of Realtors® (NAR). Founded in 1908, NAR is the largest trade membership organization in the country. It’s the de-facto source for everything involving real estate agency. There’s a nominal annual fee to join NAR, and it pays for access to a myriad of opportunities—everything from coaching to educational materials. It also opens the door to earning a Realtor® designation.
According to the NAR Monthly Membership Report, as of November 2020 there were 1,460,397 registered Realtors® in the U.S. Roughly 7,000 of them are Albuquerque Realtors®! Most Realtors® will present themselves with the title; if they don’t or you aren’t sure, you can always ask if they’re a member of NAR or if they’re a registered Realtor®.
Ongoing education is a big deal for Realtors®
Education is often what makes Albuquerque Realtors® different from real estate agents. Through NAR—and to maintain their title—Realtors® need to stay up to date on industry best-practices by earning continuing education (CE) credits. Each state determines the CE credits required to maintain an active real estate agent license. For example, New Mexico real estate agent licensing requirements are different from those in other states.
NAR offers Realtors® access to classes and training opportunities that keep them compliant with their state’s CE requirements. Not only that, NAR also encourages its members to go beyond the minimum requirements and obtain higher levels of certification and accreditation—such as becoming an Investment Real Estate Agent, an Accredited Land Consultant or a Certified Real Estate Brokerage Manager. These designations and more enable Realtors® to better serve different types of clients at a level beyond that of a basic real estate agent.
A rock-solid code of ethics and conduct
Ethics are what makes Albuquerque Realtors® different from real estate agents. That’s not to say regular real estate agents aren’t ethical! A vast majority of them are. What sets Realtors® apart is the strong, un compromising code of ethics laid down by NAR. It’s one every single member must follow to maintain their membership and accreditations. NAR reviews and updates its Code of Ethics and Standards of Practice every year.
There are 17 articles of conduct that define expectations for every Realtor®. These ethics govern every action a Realtor® takes and every decision they make, to ensure they’re acting in the best interests of their clients and not putting themselves or anyone else in a position that’s morally dubious. Rest assured that when you’re working with a Realtor®, everything is on the up and up!
Did you know? Realtor® is a protected term!
Kleenex® is the common term for facial tissue. Mac n’ Cheese® is what we call cheesy noodles. In the same vein, Realtor® is an eponym that’s dangerously close to becoming a general trademark. Still, it’s a protected term that not just anyone can use! What makes Albuquerque Realtors® different from real estate agents is their ability to use this title in its official capacity.
It’s the same for a dietician vs. a nutritionist. Anyone can be a nutritionist—dietician is a protected term that requires no small amount of schooling and education. When you’re working with a Realtor®, you’re working with someone who’s put in the work to go above and beyond, to earn a title that’s protected by merit.
What makes Albuquerque Realtors® different from real estate agents?
When it comes right down to it, there’s a lot that makes Albuquerque Realtors® different from real estate agents. NAR membership is the lynchpin that distinguishes Realtors® from general real estate agents. Within that membership, continuing education and a staunch code of ethics give you the peace of mind you’re working with an Albuquerque Realtor® you can trust. And, the ability to earn and maintain a protected title means you’ve got the best of the best on your side.
The best Albuquerque Realtors® distinguish themselves through service. Expect to get all the information you need to buy a home with confidence when working with a Realtor®. You’ll also find that they’re more knowledgeable than your average agent. They have better insights about local ABQ housing markets, and are up-to-date on any laws, rules, restrictions and regulations that might become prudent as part of your homebuying process.
When you’re doing something as big as buying a home in ABQ, you need to be confident every step of the way. Make sure you have an Albuquerque Realtor® on your side to make the process as smooth, simple and stress-free as possible.
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