DEFINITION of 'Realtor'

A real estate professional who is a member of the National Association of Realtors, a professional association. Realtors include agents that work as residential and commercial real estate brokers, salespeople, property managers, appraisers, counselors and other real estate professionals. More than 1 million real estate agents are realtors, and the term is a registered trademark. Realtors must belong to both a local association or board and a state association.

BREAKING DOWN 'Realtor'

Realtors are expected to be experts in their field and must follow the NAR's code of ethics, which requires agents to uphold specific duties to clients and customers, to the public and to other realtors. Among its many requirements, the code of ethics says that realtors "shall avoid exaggeration, misrepresentation, or concealment of pertinent facts relating to the property or the transaction;" "shall be honest and truthful in their real estate communications and shall present a true picture in their advertising, marketing and other representations;" and shall "pledge themselves to protect and promote the interests of their client" while treating all parties to the transaction honestly.

RELATED TERMS
  1. Realtor Property Resource (RPR)

    A National Association of Realtors member benefit providing realtors ...
  2. Real Estate Agent

    A person with a state/provincial license to represent a buyer ...
  3. Real Estate

    Land plus anything on it, including buildings and natural resources.
  4. Commercial Real Estate

    Property that is used solely for business purposes. Examples ...
  5. Private Equity Real Estate

    A Definition of "Private Equity Real Estate" and how it applies ...
  6. Curb Appeal

    The general attractiveness of a house or other piece of property ...
Related Articles
  1. Investing

    Understanding The National Association Of Realtors

    Not every real estate agent or broker is a realtor. Here's what the difference is and why working with a member of the NAR might matter to you.
  2. Investing

    What Are The Differences Among A Real Estate Agent, A Broker And A Realtor?

    All three work in the real estate field, but there are differences between the job descriptions.
  3. Investing

    The Sales Commission Dilemma

    These professionals' interests may not always align with your own. Find out how to protect yourself.
  4. Investing

    6 Questions For Your Realtor

    A good real estate agent can guide you through every step of buying or selling a home. These questions can help you find the right one.
  5. Investing

    6 Steps to Becoming a Real Estate Agent

    Get a head start in the real estate business by following these six steps.
  6. Investing

    Commercial Real Estate Agent: Job Description & Average Salary

    Learn more about the qualifications, daily and regular responsibilities, and average yearly salaries of commercial real estate agents.
  7. Investing

    10 Habits of Highly Effective Real Estate Investors

    The best real estate investors all share these traits and practices.
  8. Investing

    6 Questions For Your Realtor

    Before you start working with a real estate agent – especially if you're the one paying the agent's commission – make sure you've made the right choice.
  9. Investing

    Commercial Real Estate Agent: Career Path & Qualifications

    Learn about the qualifications, skills and licensing requirements to be a commercial real estate agent and how to get started in this career path.
RELATED FAQS
  1. What are the Differences Among a Real Estate Agent, a Broker and a Realtor?

    Learn how agents, realtors, and brokers are often considered the same, but in reality, these real estate positions have different ... Read Answer >>
  2. Where do you get real estate leads?

    Gather information and keep in touch through networking without bombarding clients or you may risk losing a client in a challenging ... Read Answer >>
  3. How do real estate agents market themselves?

    Find an agent by checking popular real estate circulars featuring desirable neighborhoods and call the agent to ask questions ... Read Answer >>
  4. How much of the global economy is comprised of the real estate sector?

    Find out how much of the global economy consists of the real estate sector, including output from commercial and residential ... Read Answer >>
  5. How can I tell when a real estate agent might be lying to me?

    Find out what real estate agents are likely to lie about, the reasons for the lies and how to protect yourself from unscrupulous ... Read Answer >>
Hot Definitions
  1. Book Value

    1. The value at which an asset is carried on a balance sheet. To calculate, take the cost of an asset minus the accumulated ...
  2. Dividend Yield

    A financial ratio that shows how much a company pays out in dividends each year relative to its share price.
  3. Fixed-Income Security

    An investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. ...
  4. Free Cash Flow - FCF

    A measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents ...
  5. Leverage Ratio

    Any ratio used to calculate the financial leverage of a company to get an idea of the company's methods of financing or to ...
  6. Two And Twenty

    A type of compensation structure that hedge fund managers typically employ in which part of compensation is performance based. ...
Trading Center