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A REALTOR is a licensed real estate agent who is a member of The National Association of REALTORS. (NAR). There are more than 720,000 REALTORS in the United States. Remember the terms "real estate agent" and "REALTOR" are not the same.
REALTORS subscribe to a code of ethics. This code is a pledge that REALTORS take to treat you, the consumer, fairly and honestly to the best of our abilities. The code of ethics was founded on the principle of providing fair housing and services to all customers. REALTOR business practices are monitored at the local board levels.
Arbitration and disciplinary hearings are in place in case a member of the public or fellow agents issues a complaint. This monitoring holds REALTORS directly accountable for their actions. Non-REALTORS do not have to abide by any code of ethics.
http://www.ibnrealestate.com/ibnreal/ibn_newsletter.htm#what%20is%20a%20realtor |
