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A real estate agent is a real estate specialist who is a member of the National Association of Realtors (NAR), an expert association. NAR specifies the term "realtor" as a federally registered collective subscription mark that recognizes a genuine estate professional who belongs to the association and subscribes to its code of principles. Professionals who hold the title of real estate agent include agents who work as residential and business realty brokers, salespeople, home managers, appraisers, counselors, and other property experts. There are 1,396,575 realtors as of June 2020, which breaks down as 65% genuine estate representatives, 22% property brokers, and 15% partner brokers.
Realtors must belong to both a regional association or board and a state association. Solution Can Be Seen Here are anticipated to be professionals in their field and should follow the NAR's code of ethics, which requires representatives to promote specific duties to customers and clients, the general public, and other realtors. Among its numerous requirements, the code of ethics states that realtors "will prevent exaggeration, misrepresentation, or concealment of significant facts connecting to the property or the deal." The code likewise states that realtors "shall be honest and sincere in their genuine estate interactions and will provide a real photo in their advertising, marketing and other representations." Additionally, real estate agents must "pledge themselves to protect and promote the interests of their client" while treating all parties to the transaction truthfully.
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