What are Realtors?
Realtors are real estate agents or real estate professionals who are members of the National Association of Realtors (NAR). Their most distinctive qualification is that they have specific standards of ethics in real estate field and they follow a strict moral code.
For these reasons, realtors are known to be trustworthy which gives them the authority and rights to compete better in the real estate market.
How to become a Realtor
To become a credible realtor, a real estate agent is required to take a pre-licensing course followed by a licensure exam.
As soon as these requirements had been completed and a real estate license has been issued, realtors can display their license with pride in their information pages, realtor’s portfolios and business cards.
This serves as their passport to gaining more opportunities in the field of real estate.
Resources for Realtors
Just like any other real estate investor, every realtor has his or her own tools and resources to become fully functional and operational in the field of real estate.
Aside from their realtor’s license, certifications and business cards, realtors must also have connection or access to the following resources, professionals and organizations;
- Property Restoration Team
- Public Adjusters
- Insurance Personnel
- Other Real Estate Agents
- Homeowners’ Associations
- Community Groups
- Banks and Lending Firms
- Access to MLS (Multiple Listing Services)
- Participation in the Local Chamber of Commerce
- Social Network
- Access to Open Houses, Buyers’ Seminars and Online Leads
- Online Listing Services
- Land Registration Office and Registry of Deeds
Income Potential for Real Estate Agents and Realtors
Based on 2017 to 2018 data, real estate agents made a median salary of $45,990. The highest paid 25% made $71,950 for the same years while the lowest paid 25% made $31,180.