Realtor
Definition and meaning of Realtor in real estate.
A Realtor is a licensed real estate agent or broker who is an active member of the National Association of Realtors and agrees to abide by its strict Code of Ethics.
In more detail
The term Realtor is a registered trademark and does not simply mean any real estate agent. Members must pay annual dues and complete regular training on ethical business practices. The organization provides members with resources, advocacy, and access to local multiple listing services to market properties.
Buyers and sellers often look for the Realtor designation to ensure their agent is committed to professional integrity and fair dealing.
Key facts
| Category | Buying & Selling |
|---|---|
| Also known as | NAR member |
| Required by | National Association of Realtors for trademark use |
| Watch out for | Misuse of the trademark by non-members |
A home seller lists their property with a Realtor who must follow the National Association of Realtors Code of Ethics, protecting the seller's interests and ensuring honest dealings during negotiations.
Frequently asked questions
Is every real estate agent a Realtor?
No, real estate agents are licensed by their state, but they only become Realtors if they join the National Association of Realtors.
What is the Realtor Code of Ethics?
It is a set of professional standards that requires members to treat all parties honestly, put clients' interests first, and avoid misrepresentation or exaggeration.
Related terms
Sources & references
See our sources and editorial standards.