Understanding the differences between a real estate agent and a REALTOR® is essential for buyers and sellers who want to ensure their interests will be protected throughout the transaction. The distinction is murky at best for most people that do not work in the industry on a daily basis, however, and the terms are often used interchangeably.
With that in mind, it is important to point out that there is actually a significant degree of separation between a REALTOR® and a real estate agent. The process of becoming a REALTOR® starts with passing a real estate exam and becoming a real estate agent. After that initial first step, individuals who want to call themselves REALTORS® must:
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