A realtor, also referred to as a real estate agent, realtor is somebody who represents buyers or sellers of real estate property. An agent can work on his/her own, but more often than not, an agent tends to work under a licensed agent to legitimately represent prospective clients. Although realtors do not perform appraisals, they do help in the purchase process by providing information on market prices, properties and areas of interest. Most agents are updated about market trends and changes, and help individuals find the best home for them. go right here Re/Max Choice Properties The Bernie Gallerani Real Estate Team Hendersonville – Realtor
In order to be licensed, an agent has to pass an examination conducted by the National Association of Realtors (NAR). To be able to call themselves a realtor, they need to pass the examination given by the NAR. This exam is known as the Realtor National Licensing Examination (RNLE) and is accredited by the National Association of Realtors. However, the licensing exam is only one step towards becoming a realtor. There are several other steps and requirements that must be completed in order to become a licensed Realtor.
Becoming a realtor entails many things such as acquiring real estate contracts, finding properties, marketing and promoting the property, maintaining the properties and informing other parties involved in the process such as buyers and sellers. Therefore, it is quite important to understand that being a licensed Realtor comes with responsibility. Agents who fail to carry out their duties will be subject to disciplinary actions under the law. As a result, Realtors need to keep up with all the current market trends, and get involved in discussions with their clients to make sure that their interests are safeguarded. By keeping up to date with market trends, agents can help their clients to find the best homes in a timely manner. Additionally, realtor also have to make themselves familiar with the laws of the particular state so as to avoid being penalized for acting in violation of those laws.