WHAT IS A REALTOR?
All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR "®" logo on their business cards or other marketing and sales literature. REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate.
The NATIONAL ASSOCIATION OF REALTORS® (NAR), based in the United States, is comprised of over one million members, including International REALTORS®, in over 50 countries around the world. In order to join NAR as an International REALTOR®, a practitioner must also belong to one of the 80 organized real estate associations worldwide, in which NAR maintains a formal relationship. NAR only maintains relationships with organizations that abide by a similar code of ethics. These bilateral partnerships exist to help consumers find trusted real estate professionals around the globe.
WHY USE A REALTOR? Real Estate transactions involve one of the biggest financial investments most people experience in their lifetime. Accordingly, it is essential to work with a knowledgeable and trust professional. Just a few reasons to use a REALTOR:
Qualifying the Buyer - REALTORS® qualify prospective buyers to determine in advance their financial ability to purchase and schedules appointments prior to showing a home to save sellers time and help them avoid worry about strangers coming through the house unescorted.
Advertising - REALTORS® have access to several forms of advertising including newspapers, homes, magazines, contact with out-of-town buyers and the Multiple Listing Service—the most active real estate search in the Outer Banks.
Housing Trends - REALTORS® have current market information substantiating comparable selling prices for specific types of homes, allowing sellers to establish realistic prices while obtaining fair market value for their property.
Sale Negotiations - REALTORS® are trained professionals who can answer the many questions posed by potential buyers and should work to alleviate any doubts buyers have about the process.
Financing - REALTORS® should continually gather information on the latest and best methods of obtaining mortgage money and be prepared to assist the buyer to assure a speedy sale.
Continuing Education - REALTORS® are constantly upgrading their professional abilities by keeping informed about market trends, the latest industry innovations, new legislation and civil rights. Members of the National Association of REALTORS® have the right to earn professional designations by completing additional education.
Personal Service - REALTORS® work cooperatively with the affiliate members of the AABOR to provide information on title and conveyance documents, termite inspections, home warranty programs, etc. REALTORS® also make suggestions to sellers on how to make a home more saleable.
Protection for Buyers & Sellers - REALTORS® subscribe to a strict Code of Ethics and accept the responsibility of promoting the interests of buyers and sellers by protecting them from fraud and misrepresentation.