Real Estate Licensee or REALTOR: What's the Difference?

What is the difference between a real estate licensee and a REALTOR?

Jasmine is not a REALTOR, but she is a real estate licensee. What does this mean for her professional conduct?

Answer:

Jasmine has not agreed to abide by the NAR's Code of Ethics because only members of the National Association of Realtors (NAR) who have the REALTOR designation have agreed to this code, and she is not a REALTOR.

Being a real estate licensee means that Jasmine has met the necessary requirements to practice real estate transactions legally. This usually involves completing education courses, passing an exam, and obtaining a license from the state.

On the other hand, a REALTOR is a real estate agent or broker who is a member of the National Association of Realtors (NAR). REALTORS have access to additional resources, networking opportunities, and must adhere to a strict Code of Ethics set forth by the NAR.

Since Jasmine is not a REALTOR, she has not agreed to abide by the NAR's Code of Ethics. This means that while she is still bound by state licensing laws and regulations, she does not have the additional responsibilities and commitments that come with being a member of the NAR.