fast facts
> for buyers the advantages of working with only one realtor ® include :
1 the realtor ® becomes familiar with your family ’ s needs .
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> realtor . ® a realtor ® is a licensed real estate agent and a member of the National association of realtors , ® a real estate trade association .
realtors ® also belong to their state and local boards of realtors . ® they have a wealth of resources at their disposal , including the Multiple Listing service and continuing education . all association members agree to abide by a 17-article code of ethics and strive for the height of professionalism . you develop better rapport and communication when working towards your goal with only one realtor . ®
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the realtor ® is more committed to you because you return that commitment .
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you avoid any uncomfortable situation arising from agent conflict .
> real estate agent . a real estate agent is licensed by the state to represent parties in the transfer of property . every realtor ® is a real estate agent , but not every real estate agent is a professional realtor . ®
> listing agent . a listing agent forms a legal relationship with the homeowner to sell the property , and places the property in the Multiple Listing service .
> buyer ’ s agent . a buyer ’ s agent or buyer broker is an agent hired by the buyer . generally , the buyer broker is paid from the commission fee agreed to by the seller .
> multiple listing service ( mls ). the MLs is a database of properties listed for sale by realtors ® who are members of the local board of realtors . ® Information on an MLs property is available to thousands of realtors . ®
> commitment is a two-way street . your realtor ® will make a commitment to spend valuable hours finding the right home for you : researching listings , previewing properties , visiting homes with you , and negotiating your contract . honor that commitment by staying with the realtor ® you ’ ve selected until you purchase your home . be sure your realtor ® accompanies you on your first visit to all new homes and open houses , too . excerpt from preamble to the realtor ’ s ® code of ethics :
The term Realtor ® has come to connote competency , fairness , and high integrity resulting from adherence to a lofty ideal of moral conduct in business relations .
No inducement of profit and no instruction from clients ever can justify departure from this ideal .
In the interpretation of this obligation , Realtors ® can take no safer guide than that which has been handed down through the centuries , embodied in the Golden Rule :
“ Whatsoever ye would that others should do to you , do ye even so to them .”
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