How is REALTOR pronounced?
Realtor. It’s pronounced “real-ter,” not “real-a-tor.” Latin links “real” and “estate” together, but Realtor was created, capitalized, and trademarked to describe brokers who are members of the national association, according to Robert Willson, an English professor turned real estate agent.
Is REALTOR capitalized?
The preferred form of the term is REALTOR®—in all caps, and using the registered trademark symbol. If using the symbol isn’t possible, then the next best form is in all caps: REALTOR.
What does the term REALTOR mean?
licensed real estate salesperson
A REALTOR® is a licensed real estate salesperson who belongs to the National Association of REALTORS®, the largest trade group in the country. REALTORS® are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics. Some REALTORS® are brokers, while some are agents.
What does contingent mean REALTOR?
A contingent offer means that an offer on a new home has been made and the seller has accepted it, but that the final sale is contingent upon certain criteria that have to be met.
Can I use the word REALTOR?
The term REALTOR®, whether used as part of a domain name or in some other fashion, must refer to a member or a member’s firm. The term REALTOR® may not be used with descriptive words or phrases. The term REALTOR® should never be used to denote an occupation or business.
Can you call yourself a REALTOR?
The term Realtor is a federally registered trademark that applies specifically to real estate professionals who are active members of the National Association of Realtors® (NAR). Real estate agents who are not active NAR members cannot call themselves Realtors.
What is the difference between a Realtor and a broker?
Brokers are real estate agents who have completed additional training and licensing requirements. A Realtor is a licensed real estate agent or broker (or other real estate professional) who is a member of the National Association of Realtors (NAR).
What’s the difference between a Realtor and an agent?
The word Realtor is a trademark referring to someone who’s an active member of the National Association of Realtors (NAR). In the United States, a real estate agent is licensed to help consumers buy and sell commercial or residential property.
Can a seller cancel a contingent offer?
To put it simply, a seller can back out at any point if contingencies outlined in the home purchase agreement are not met. A low appraisal can be detrimental to a sale on the seller’s end, and if they’re unwilling to lower the sale price to match the appraisal value, this can cause the seller to cancel the deal.