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Why Use a REALTORŪ? |
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What is a REALTORŪ?
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First and foremost, not all real estate agents are REALTORSŪ. Notice that we use the term REALTORŪ throughout this website. The term REALTORŪ is a trademark of the National Association of REALTORSŪ (NAR)
and any agent who uses this term as part of their professional identity must be a member of NAR and their State and Local REALTORŪ Associations.
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- REALTORSŪ Association of Central Indiana
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You may be thinking, "So what!" This is important to you because REALTORSŪ subscribe to a Code of Ethics which requires they conduct business honestly and fairly. Under the Rules and Ethics Code, you as a consumer are offered protection should you feel you have been lied to, cheated or otherwise treated unfairly. There are procedures in place for you to file an ethics complaint with the local Association. Members are required to go through the grievance process when a complaint is filed by either buyers or sellers.
Members pay dues and other fees to maintain membership, and must complete periodic training in addition to that required by the State Licensing Board. The bottom line is that REALTORSŪ are in a position to provide more comprehensive services than non-members. Non-members usually operate independently and their actions are not governed by the Code of Ethics. This is an important consideration when choosing an agent to represent your interests; because should you have a complaint against a non-REALTORŪ, you have no recourse at the local level.
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What does a REALTORŪ do?
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A typical real estate transaction includes close to 200 actions or processes from your initial contact with a REALTORŪ to closing on a property. A REALTORŪ can help make sure that all the "I's" are dotted and the "T's" are crossed to ensure a successful transaction.
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