What is a Realtor? Why are Realtors Important to Real Estate?

Essential Knowledge for Real Estate Licensing Students

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What is a Realtor?

In the dynamic world of real estate, the term "Realtor" often pops up. Whether you’re browsing through property listings or engaging with professionals in the industry, understanding what a Realtor is and the vital role they play is essential. At RELNY, your premier Real Estate Licensing school, we’re dedicated to equipping future real estate professionals with the knowledge and skills they need to succeed.

The Difference Between a Realtor and a Real Estate Agent

It’s common to use the terms “Realtor” and “real estate agent” interchangeably, but there’s a key distinction:

  • Real Estate Agent

    Anyone who earns a real estate license can be called a real estate agent. These individuals help clients buy, sell, and rent real estate properties.

  • Realtor

    A Realtor is a real estate agent who is an active member of the National Association of Realtors (NAR). This means they have access to a wealth of resources and are committed to upholding the highest ethical standards in the industry.

The Role of a Realtor

Realtors wear many hats and are involved in every stage of a real estate transaction. Here are some of their key responsibilities:

  • Market Analysis and Property Valuation

    Realtors conduct thorough market analysis to help clients determine the fair market value of properties. They use comparative market analysis (CMA) to compare properties and ensure clients get the best deals.

  • Marketing and Listing Properties

    Realtors employ various marketing strategies to list and promote properties. They use MLS (Multiple Listing Service) to give properties maximum exposure and leverage online marketing, social media, and open houses.

  • Guiding Clients Through Transactions

    Realtors guide clients through the buying or selling process, from initial consultations to closing deals. They help with property searches, showings, negotiations, and handling legal paperwork.

  • Negotiation Expertise

    Skilled in negotiations, Realtors represent their clients’ best interests, striving to achieve the most favorable terms and conditions in every transaction.

  • Ethical Conduct and Advocacy

    Realtors are bound by the NAR’s Code of Ethics, ensuring they act honestly, provide accurate information, and advocate for their clients with integrity and transparency.

The Importance of Realtors in the Real Estate Industry

Realtors bring immense value to the real estate industry and their clients in several ways:

  • Expert Knowledge

    With access to comprehensive training and ongoing education, Realtors stay updated on market trends, legal changes, and best practices in real estate.

  • Network and Resources

    Realtors have extensive networks and resources, including access to MLS, professional connections, and exclusive listings, providing clients with broader options and better opportunities.

  • Stress Reduction

    Buying or selling a home can be stressful. Realtors manage the complexities of transactions, handle negotiations, and provide emotional support, making the process smoother for clients.

  • Protection and Advocacy

    Realtors protect their clients' interests, ensuring all aspects of transactions are handled correctly and legally. They advocate for clients, ensuring they make informed decisions.

Becoming a Realtor: The Path to Success

If you’re considering a career in real estate, becoming a Realtor offers significant advantages. Here’s how you can embark on this rewarding career path:

  • Complete Pre-Licensing Education

    At RELNY, we offer comprehensive Real Estate Salesperson Pre-Licensing courses designed to prepare you for the New York State licensing exam. Our courses cover essential topics, including real estate law, ethics, finance, and property management.

  • Pass the Licensing Exam

    After completing your pre-licensing education, you must pass the New York State real estate licensing exam. Our courses at RELNY provide you with the knowledge and confidence needed to succeed.

  • Join a Brokerage

    Once licensed, you must join a real estate brokerage. This step provides you with a professional environment, mentorship, and the opportunity to gain practical experience.

  • Become a Realtor

    To elevate your career, consider joining the National Association of Realtors. Membership grants you access to valuable resources, industry insights, and a network of professionals committed to ethical conduct and excellence.

Get Started on Your Real Estate Career at RELNY

Understanding the role and importance of Realtors is crucial for anyone entering the real estate industry. At RELNY, we’re committed to helping aspiring real estate professionals achieve their goals. Our Real Estate Salesperson Pre-Licensing courses are designed to provide you with the foundation you need to succeed and make a positive impact in the industry. Whether you’re just starting or looking to advance your career, becoming a Realtor opens doors to endless opportunities and a fulfilling career in real estate.

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Complete List of RELNY Real Estate Accreditations

RELNY is proud to be fully accredited by both the New York State Department of State (NYS DOS) and the Association of Real Estate License Law Officials (ARELLO®). This accreditation is more than just a formal recognition; it serves as a testament to the high standards of education and training we provide in the real estate sector.

RELNY's Unparalleled Learning Advantage

Kristen Bacorn's Online Real Estate Courses are Produced Exclusively for RELNY. As New York’s #1 Real Estate Instructor, Kristen’s engaging teaching style and comprehensive curriculum make RELNY the ideal choice for anyone looking to excel in real estate.

Unlock Success with RELNY: Purpose-Built Course Software

In the fast-paced world of real estate education, having the right tools can make all the difference between merely passing an exam and truly excelling in your career. RELNY’s purpose-built course software offers a suite of features designed to elevate the learning experience, making it easier, more engaging, and highly effective for students.

Meet RELNY's Kristen Bacorn, New York's #1 Real Estate Instructor

• NYS Department of State & ARELLO® Certified
• Masters, Harvard University
• Commercial & Residential Real Estate Broker
• Educator at RELNY, SUNY, CUNY, NAR, AIA
• Addressed the United Nations 2X
• Interviewed by Wall St. Journal & New York Times

RELNY FAQs

At RELNY, we understand that embarking on a career in real estate is a significant step, and choosing the right educational path is crucial. As the premier New York real estate school, we are dedicated to providing our students with the highest quality education and support. This FAQ page is designed to address some of the most common questions prospective and current students have about our courses and exam prep.

RELNY Job Placement Solutions: Your Bridge to Success

At RELNY, we are committed to more than just providing a top-tier real estate education—we're dedicated to ensuring our students thrive in their careers post-graduation. Our comprehensive Job Placement Solutions & Services are designed to support you every step of the way as you transition from being a student to a successful real estate professional.

Become a Licensed Real Estate Agent with RELNY Instructor Kristen Bacorn

Learn how to become a New York real estate agent from Kristen Bacorn - the #1 Real Estate Instructor in New York. Our accredited New York real estate licensing course can be completed in 1 week and can be taken online from the comfort of your home, or from your mobile phone.