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Real Estate - What is a Realtor?


A Realtor is a licensed real estate broker who facilitates the buying and selling of residential, commercial and investment properties. Real estate is property comprised of the buildings and land on it, and its accompanying natural resources like water, plants or minerals; immovable real estate; an ownership vested in a single piece of immovable property, buildings or other housing in general, including the right to occupy or use that property for a fixed period. A broker  finds a buyer for a property and negotiate a fair price with the seller. Negotiation may be by personal contact or by using an agency or professional counselor.

To become a Realtor, one must obtain a license from the appropriate regulatory body in the state where he or she intends to practice. In addition, he or she must complete a four-year degree from an accredited university or college that provides a real estate brokerage degree program. In the United States, the National Association of Realtors is the largest association of realtors in the country. In Canada, there is the Canadian Realtor Association. Visit this website for more info about real estate 

To become a realtor, one has to pass the national licensing exam given by the NAR. The National Association of Realtors conducts the exam once each year and requires passing scores from at least 500 points. Licensing is granted by the NAR by examining the knowledge of a candidate and his or her ability in the real estate business. Candidates who pass the licensing exam are then evaluated by the board to determine if they are capable of being licensed as realtors. Once licensed, realtors can conduct business legally and ethically.

Realtors need to have ethics in mind at all times. This means dealing honestly with clients and providing them with accurate and reliable information regarding the property they are interested to buy. A good Realtor will not pressure a buyer into buying a home or try to sell a house to a buyer until the buyer is ready to buy. A Realtor does not discuss commissions, payment options or interest rates with buyers, only sellers. A realtor is required to inform a buyer that he or she is being represented by an agent, and that all such agents have a fiduciary responsibility to the buyer and the seller. The real estate industry refers to this as "realtor ethics".

The realtor field is a competitive one; agents compete for the attention of home buyers. Therefore, Realtors must be skilled in marketing and attracting buyers. A competent realtor will know how to develop a marketing plan that will increase the chances of a buyer finding a suitable home. They should also be able to market a property effectively using multiple media. Many real estate buyers prefer to use a realtor versus listing their property directly on the internet.

In order to become licensed as a realtor in most states you need to attend a Realtor exam provided by the National Association of Realtors (NAR). If you plan to run your own Realtor business then you will need to pass the NAR test. In order to obtain a real estate license in the US you need to pass a test administered by the NAR. To apply for a real estate license, you will need to meet specific requirements. You should ensure that you have enough real estate experience and have a degree or a certificate from a school that is accredited in this field. You should also have a business plan that explains how you intend to operate your business and how you intend to market your services. Discover more about real estate here: https://www.huffpost.com/entry/7-things-your-real-estate_b_9558744.

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