If you are in the market to buy or sell South Lake Tahoe real estate, the first piece of advice is choosing a qualified South Lake Tahoe REALTOR®. You may be wondering what the difference is between a South Lake Tahoe real estate agent, A South Lake Tahoe REALTOR® and a South Lake Tahoe broker. There are 3 levels of education and experience tied to each one of those titles. Each one offers different qualifications and services, even though people seem to think they are all the same. All real estate brokers and realtors are real estate agents, but not all real estate agents are brokers or realtors. Read on to see the difference in each one.
A South Lake Tahoe Real Estate Agent is a person who is licensed to represent buyers and sellers in a real estate transaction. The steps required to become licensed vary state by state. There is a required amount of instructional hours and you have to pass the state licensing exam. A real estate agent is the most common real estate professionals that you’ll come across.
A Real Estate Broker in South Lake Tahoe is simply a difference of education. A real estate broker in South Lake Tahoe has been in the industry for a set amount of time and pursued a higher level of licensing. Additionally, you have to be verified by a principal broker and pass a broker exam specific to your state’s requirements.
A South Lake Tahoe REALTOR® is someone who belongs to the National Association of Realtors. You can only be identified as a REALTOR® in South Lake Tahoe if you are a member of the association. A South Lake Tahoe REALTOR® is unique in that they have taken a pledge to follow a strict set of ethics and guidelines that guarantee their integrity. The following is something important to keep in mind as a buyer and or seller as you get the following traits when you choose a REALTOR® in South Lake Tahoe:
- Shall put the interests of buyers and sellers ahead of their own.
- Shall cooperate with other brokers and agents if it’s in the best interest of the client.
- Shall refuse fees from more than one party without consent.
- Shall not discriminate in any fashion.
- Shall always present the truth in advertising.
All in all, the REALTOR® Code of Ethics offers a very specific outline for how an agent or broker should think, act, and perform their duties. There are real estate agents in South Lake Tahoe and brokers who exhibit this behavior as well. However, being a member of the NAR does offer a course of action if you have a complaint as you can contact your local board of realtors.
With these 3 options available to you, it may feel overwhelming on who you should choose to represent you in the list or sale of a home. How do you know if someone is right? You will need to figure out what traits are important for someone to have and then decide if having extra years of experience, education or adhering to a specific code of ethics makes you feel more comfortable hiring one person over another. Regardless, it is crucial that you carefully choose someone and review their experience before signing on the dotted line. If you are looking for someone who can help you with your local real estate needs, feel free to call our office. We would be happy to assist!