What is a Realtor ?
A Realtor is a licensed real estate professional who assists buyers and sellers in the process of buying, selling, or renting properties. They are members of the National Association of Realtors (NAR).
How a Realtor Works ?
Realtor acts as an intermediary between buyers and sellers, facilitating transactions and providing expertise on property valuations, market trends, and legal aspects of transactions.
Who is Eligible to Become a Realtor ?
Individuals who hold an active real estate license and choose to become members of the National Association of Realtors (NAR) are eligible to become Realtors.
What Does a Realtor do ?
Responsibilities of realtor include, assisting clients in finding properties, marketing properties for sale, negotiating purchase agreements, and guiding clients through the closing process.
How do Realtors Get Paid ?
Realtors typically get paid through commissions, receiving a percentage of the final sale price of a property they help sell or a portion of the rental income for properties they help lease.
Cost to Become a Realtor
The cost to become a realtor varies depending on the state licensing fees, pre-licensing courses, exam fees & association membership, typically ranging from a few hundred to a few thousand dollars.
How Much do Realtors Make ?
Commission rates of realtors can vary and are negotiable. Typically, the commission percentage ranges between 5% to 6% of the sale price, but it can differ based on the services provided by Realtor.
How to Become a Realtor ?
To get for realtor license, you need to find a local Realtor association affiliated with the National Association of Realtors in your area & complete their application process.