Understanding the Professionals Who Help You Buy or Sell a Home

Whether you’re buying your first home, selling your current property, or investing in real estate, you’ll work with several professionals throughout the transaction. Each has a unique role, and together they help ensure your purchase or sale is successful.

Who Is Involved in a Real Estate Transaction?

A typical real estate transaction includes several licensed professionals, each responsible for a different part of the buying or selling process:

• Real Estate Agent or REALTOR® 
• Real Estate Broker
• Mortgage Lender
• Appraiser
• Title Company
• Escrow Officer

REALTOR® vs. Real Estate Agent: What’s the Difference?

If you’ve ever wondered whether a REALTOR® and a real estate agent are the same thing, you’re not alone. The terms are often used interchangeably—but there is an important distinction.

The Quick Answer

A real estate agent is licensed by the state to help people buy and sell real estate.

A REALTOR® is a licensed real estate professional who is also a member of the National Association of REALTORS® and has pledged to follow its Code of Ethics.

Simply put:

• Every REALTOR® is a licensed real estate agent or broker.
• Not every licensed real estate agent is a REALTOR®.

The Bottom Line

The difference isn’t in the ability to help you buy or sell a home—both licensed agents and REALTORS® can do that. The difference is that a REALTOR® has made an additional commitment to professional ethics and accountability.

No matter who you choose, it’s worth asking a few questions before you begin working together:

• How long have you worked in this market?
• How do you communicate with clients?
• What experience do you have with buyers or sellers like me?
• How will you help me navigate negotiations and deadlines?
• What resources and professionals do you recommend throughout the transaction?

When choosing someone to represent you, look beyond the title. Find a professional you trust, who understands your goals, and who is committed to guiding you every step of the way.

Next in our Who’s Who in Real Estate series: What Does a Real Estate Agent Actually Do?