Did you know that all realtors are agents, but not all agents are realtors? Confused? Allow us to explain this difference before we dive into what exactly a brokerage is.
Agents are simply licensed by the state to represent buyers and/or sellers in the homebuying process and must work under a licensed broker who is legally responsible for them. On the other hand, a realtor is an agent who is also a member of the National Association of Realtors (NAR), which holds its members to a code of ethics and professional standards. People sometimes refer to agents as realtors, but technically, this trademarked term only applies to members of the NAR. Realtors, then, are more accountable than agents.
Now we can discuss what a broker is! They are a special type of real estate agent who is licensed by the state and has taken their education to the next level. Brokers can work independently or hire agents to work under them in an agency.
It’s important to understand the differences between each type of real estate agent, as each one offers varying degrees of expertise and resources. For example, The Reynolds Team is a brokerage that hires realtor partners, offers highly-educated and experienced leadership, as well as endless support that helps realtor partners successfully guide families throughout their real estate journeys.
If you’re looking to sell your home fast and for top dollar, its best to go above and beyond your average agent and utilize a brokerage that has years of combined experience ensuring transactions go smoothly. Our team offers 24/7 assistance, realtors that are trained by top industry professionals, and has the Guarantees to back up our service! Call Us to put us to work for you at 703-297-4251!