What are the duties of a Realtor?
Realtors are bound by the limits of our license and a very strict Code of Ethics, which requires us to be fair and honest in every transaction. As licensees, we are expected to facilitate customers with knowledge of the real estate market, access to properties, and guidance through the purchase or sale process–until the successful completion of a transaction.
Is a real estate agent a Realtor?
All Realtors are Real Estate agents–but not all agents are Realtors. A Realtor is a designation given to a licensed real estate professional who becomes a member of the local board of Realtors, which in turn represents the Florida Association of Realtors and the National Association of Realtors. NAR is the leading Real Estate industry organization, which educates and provides guidance to its members (Realtors) to ensure that they adhere to the highest ethical principles of the Real Estate industry.
How does a Real Estate agent earn a commission?
Real Estate agents earn a commission in exchange for providing services related to the Business of Real Estate. This includes the complex tasks related to the marketing, sale, negotiation, research, and guidance offered to Buyers or Sellers. In fact, only a licensed Real Estate broker may earn a commission or referral fee for performing services related to the sale, purchase, property management, or business brokerage (i.e. selling or purchasing a business). Unlicensed individuals cannot receive compensation in any way or form for their involvement in a Real Estate transaction. In the State of Florida it is a felony to receive compensation for Real Estate services without a license.