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Most people do not know the difference . I am proud to be a Realtor.
Charles Ross & Associ...
I don't think the public really knows the difference and thinks all agents are REALTORS. So with that said they just want an experienced agent.
I do not believe so. Most of the public refers to all of us as Realtors and I don't believe they give a hoo-ha about the distinction. For me, being a Realtor sometimes feels like enforced unionization since I can't belong to my MLS without being one.
Of course. They have to adhere to the Real Estate Code of Ethics.
Most agents in my area are REALTORS®. It's a requirement of the local MLS. Overall, though, I don't think the public really knows the difference. I think that's why NAR came up with the new core standards. They way they are forcing associations to get out and become more involved in local politics and the community and doing with the REALTOR® name attached.
I believe that having access to the MLS his crucial to my business. In my area, if you''re not a Realtor, there's no access.
If I was not a Realtor...I would not have a real estate business.
The question was really about being a REALTOR, not being licensed. Many brokerages insist their agents, who are all licensed are also Realtors. But does the public know or even care?
It is sorta like having an air conditioned car. You could get along witout being a Realtor ( just like you could get along without air conditionong ) it would certainly be tough.
Janna - It's not illegal to assist buyers and sellers in real estate without a license. I do it every day. What can be illegal is to receive a commission in your name for doing so in certain States. I hate to make a potentially confrontational argument about this on this thread, and believe me, that's not my intention. Everyone, including myself, worked hard for licensing. It's valuable, but, in some cases, it just isn't always necessary. Realtors may need to start thinking "outside the box" when it comes to what can set themselves apart from the crowd - a crowd where everyone is licensed. I think this is a good exercise to look beyond the question of "Do I or do I not need to be licensed" and begin to look at what unique services a real estate agency can offer. As I stated prior, to get past the legalities of it someone on your team would need to be licensed, but in today's day and age, and in an industry that must evolve, its' time to look beyond that.
How is it possible to assist others to buy and sell reaal estate without a liscense? That is the real question. Doing so is illegal. Whether or not you are a member of the National Association of Realtors has nothing to do with it.
I think that not everyone knows the difference. However, the more savvy ones do. Therefore, I think Realtors® tend to attract more informed consumers who have done their homework.
Honestly, I don't think most Consumers know the difference.
Apologies, I need to clarify something on here now as I can see the direction in which these answers seem to going. If your business model is to be more of a "sole propreitership" - a loose example of the term - then yeah, like people are saying, you'll be bound in most states to have a license. Now, to continue that thought, depending on the demographic of your clients, some will place heavy importance on your licences while others will really not care at all about it. It all comes down to your knowledge of the industry and your ability to "get things done". Hanging a licence on your wall is really becoming something more of a novelty for some (setting aside the legalities entirely). That having been said, if your business model for growth indicates that you may branch out to start your own "brand" (for lack of a better term), then maybe, just maybe, your licensing - the continuing education, the fees, etc.. can become a bit of a burden and 'unnecessary" for you personally - assuming that someone else on your team does indeed carry licensing should it be legally required in your jurisdiction. If there's one thing people should take away from my comments here, its' that I your ability to be successful in the real estate business absolutely is not dependent on your licensing. Am I saying that those that are licensed are doing something wrong? Absolutely not. This is just why I asked for clarification on your future business model.
Since C.A.R. controls the CRMLS over here we have to be Realtors to be in business.
If your real estate businesss model is predominately helping others buy and sell residential real estate through traditional methods, being a REALTOR is not a option, it is a fundamental necessity.
Depends what your business is and what your goals are for the future. I owned a brokerage and development firm and decided to reliquish (by ceasing to renew) my licensing. I found it was better for me to aproach people from a "neutral" standpoint, than it was with a license, as in some instances a license "meant" that I was byist. But, I needed licensing to get me to the point where I no longer felt I needed licensing. I did however have licensees on my team. Can you be more detailed about your question?