Jim Valentine: What is a Realtor?

Jim Valentine on Real Estate

Jim Valentine on Real Estate

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The word Realtor is often used like Xerox was in the old days (1960s and ‘70s) when referencing making a copy. Xerox was the first commercially successful copy machine leading to the description of making a copy was to “Xerox” it.
Many people call all real estate agents Realtors when in fact not all agents are Realtors. A Realtor is someone who belongs to the National Association of Realtors. To get their “R” they must swear to follow the Code of Ethics, and, of course, pay their dues. The financial type. The Code of Ethics is a very strong doctrine that was established in 1913 to bring order to the industry which, at that time, had none. Since then, many states have used the framework of the Code of Ethics to establish their real estate laws. The Code of Ethics is so keen on establishing righteous ideals that it even contains a reference to the Golden Rule.
Forms used by Realtors to list property or make offers on property contain a reference to the Code of Ethics. Buyers and sellers are offered the opportunity to get a copy from your agent or the Association of Realtors. We think you will find it of interest if you haven’t ever seen it. Call your agent, or the Board of Realtors in Carson City to get a copy. It addresses how agents should treat the public, treat other Realtors, and conduct themselves. It is everything you would hope it would be.
The knowledge you gain will help you if you find yourself in a negative situation with an agent. It details what is appropriate behavior, and what to do when someone breaches the Code of Ethics. It is important to take action when you’ve been wronged for that is how we keep the industry clean. The State of Nevada has similar rules and regulations and investigators to handle complaints, but they are overworked and many things slip through. If you have a problem and make a complaint to the Board of Realtors it will be acted on.
In addition to the Code of Ethics, Realtors have the opportunity to take many classes to further their knowledge and professionalism. They can earn designations through specialized education and experiences that allow them to specialize in specific areas of real estate. They work together in harmony for the good of the public as exemplified by their ability to belong to the Multiple Listing Service. Also known as the MLS, the service allows agents to share the information and availability of their property listings so as to reach a broader customer base.
The Realtor organization works hard to protect private property rights for all property owners. This is most often noticed when government entities try to enact or approve things that are detrimental to property owners. This can include uncompensated takings, harmful tax law changes, lending practices and regulation, etc. Realtors are here to protect the public and we work very hard to do so.
Not every agent is a Realtor, but every Realtor is a sworn protector of private property rights and an emissary dedicated to maintaining the highest standards of practice in the industry for the benefit and protection of all. You will find your local Realtors very active in your community, volunteering, donating, and helping in many other ways to maintain a vibrant, safe and happy place to live. Look around – you’ll see Realtors all around you doing wonderful things, individually and as an organization, to make your life better.
How do you know if you are dealing with a Realtor? Many wear their “R” pin proudly. All will have it on their business card and signs. You can also ask the licensee you are working with if they are a Realtor, a real Realtor. Look for the R and you’ll know you are being served by a conscientious professional that has high ethical standards that will work to protect you and your family.
When it comes to choosing professionals to assist you with your Real Estate needs… Experience is Priceless! Jim Valentine, RE/MAX Realty Affiliates, 775-781-3704 or dpwtigers@hotmail.com.


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