If you’re entering the real estate market for the first time or even if you are a seasoned pro at buying and selling homes, the different job titles and categories for real estate professionals can seem a bit confusing. While there’s a more definite difference between real estate brokers and real estate agents, once we drive down a little further, we start to notice even more categories that can get people hung up.
For example, did you know there’s a difference between a REALTOR® and a regular real estate agent? Today we’re going to look at the differences and find out which one you should choose when entering the Edmonton real estate market:
First of All, What is a Real Estate Agent
A real estate agent is a licensed professional who is trained and experienced in helping clients buy, sell, and rent properties. These are professionals who know the markets and have a deep understanding of the legalities and processes involved with real estate in the area. They act both as your representative in a real estate transaction, but also as a trusted guide and confidant. Real estate agents take on most of the work involved with buying or selling a home including organizing open houses, staging, photography, listing the property, as well as the final steps such as negotiating prices, setting up the closing, and more.
How is a REALTOR® Different?
Although they are still technically real estate agents, an Edmonton REALTOR® is a member of the National Association of REALTORS®, and, as such, must keep to a strict set of standards and guidelines in their practices. They are held to higher standards outlined by the association and must follow a specific code of ethics that other real estate agents do not worry about.
Benefits of Working with a REALTOR®
When you’re entering the Edmonton real estate market, you want the peace of mind that comes with knowing you are working with an absolute professional. Whether you’re buying or selling, you want to work with a real estate expert who is the best in the business. For many people, this means working with an Edmonton REALTOR®.
Some of the benefits you can expect when working with a REALTOR® include:
Expertise: REALTORS® are expertly trained and experienced in the industry. As part of the National Association of REALTORS®, they are required to take specific training and keep their skill-set fresh and current.
Ethical Treatment: REALTORS® must also follow the strict ethics guidelines outlined by the association. This means that you can trust your REALTOR® because their top priority is always you – the client.
Better Network: Sometimes, listings are made available on the REALTOR® website before they are made public to non-REALTOR® real estate professionals. This means that your REALTOR® will have access to more listings and more options for your search.
Current and Up-to-Date: Laws and regulations change on a regular basis. If you’re working with a real estate professional who is stuck in the past, you may miss out on certain benefits or run into issues during your sale that were unknown to an out-of-date professional. REALTORS® are always required to stay up-to-date with the latest regulations, knowledge, and best practices, so you know you are always getting the most current, accurate service.
Although this is not a strictly tangible benefit, when you work with a REALTOR®, you are working with a professional who is invested in their trade. This person clearly cares about the industry and providing top-notch service to clients. Certifications like the National Association of REALTORS® simply adds a level of trust and appreciation between the real estate professional and their clients.
It shows that they are committed to their clients and want to ensure the best possible experience for everyone involved. Additionally, a real estate professional backed by the National Association of REALTORS® is also desirable since there is a governing body with national standards behind their actions, providing even more peace of mind and confidence.
Whether you’re buying or selling a home in the Edmonton real estate market, a licensed REALTOR® can make your life easier. To learn more about working with an Edmonton REALTOR®, contact the team at Ryan Dutka Real Estate Solutions today at 780-988-0001 today.