How to Choose an Agent
You've probably heard the words agent, broker, and REALTOR® used synonymously when referring to real estate professionals. Though the terms are often used interchangeably, there are slight differences.
To become a real estate agent you must complete a certain number of classroom hours and pass an exam. A broker is an agent who has taken additional classes, has more experience and has passed additional exams. Brokers typically own or manage real estate agents; agents must work for a licensed broker who becomes responsible for their actions and conduct.
So, what is a REALTOR®?
A REALTOR® is simply a broker or agent who belongs to the National Association of Realtors and subscribes to its code of ethics.
It's important to find a real estate professional you feel comfortable with; after all, this is probably the biggest financial commitment of your life. If you need help selecting an agent consider using an Approved Agent* from CU Realty, NWFCU's real estate services partner. These agents are carefully screened local market experts and come with an added bonus: a cash rebate at closing (20% of agent's commission).
Once you have selected an agent to assist you, that person is obligated to represent your best interests – whether you are buying, selling or both – and will help you prepare your purchase contract once you've located the home you wish to buy.
Your agent also guides you through the entire process, providing you with details of homes for sale, comparable sales data, community information and other details to help you make informed decisions.
*You must register with CU Realty, use an Approved Agent and complete a brief member satisfaction survey at closing in order to receive the cash rebate.
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