Realtors in Colorado Will Soon Be leaving NAR
It is important to understand what the Realtor origination is and what it’s function is supposed to be. Realtor is a registered trademark for the Real Estate Union. That is it! It means nothing to the public for a real estate agent to be a Realtor. The Realtor association or NAR claims to be responsible for a lot of things. They may have been somewhere when legislation was passed but for them to claim sole responsibility on many things is a reach at best. They lobby to pass laws to protect Realtors and the real estate industry. They help at times for the public but not nearly as much as protecting Realtor’s rights. They also help agents collect money if they are cheated out of a commission from another agent and make sure agents act nice to each other. For example if another agent steals a client for another agent. Realtor to Realtor disputes is one of their major complaints. It is important to know NAR is not a real regulatory agency. That is done by the state governments.
How Many Real Estate Agents are Realtors?
This is not really a number that can be found since the only numbers that could be found are published by the Realtor origination. They actually don’t give you that stat. Keep in mind Realtor is a world wide orgination so we did the math from figures we got off NAR.com. They say there are between 4-6 Million agents world wide. NAR claims a membership of 1,451,000. Simple math tells us about 25% of real estate agents are Realtors. I spent about an hour trying to navigate the NAR website to find US data and I was unable. There is no doubt the percentage is higher of real estate agents that are Realtors in the US. Not sure what that stat is since some markets and state FORCE real estate agents to be members. Luckily that isn’t the case in CO.
Does it matter if my agent is a Realtor?
Absolutely Not! The Realtor origination has become obsolete. It no longer serves a function other than a multi million dollar payroll for their board and a lobbying group that bribes politicians. A real estate agent either has ethics or they don’t. The right to use a logo does not make an agent better or more ethical. To think that is a dangerous and misleading thing for the public.
What is the difference between Realtors and Real Estate Agents?
Absolutely nothing at all. Realtor has turned into nothing but a political origination. A real estate agent that isn’t a Realtor is just as good (at times better) than Realtors. As mentioned above it is more of an origination that is there mostly to make sure other realtors treat each other nicely. Orson Hill Realty real estate agents are good and ethical people for no other reason than we are good and ethical people. There are plenty of real estate agents that are not Realtors. I work with them every day and they are great real estate agents.
Is Nar the Same As a State Governing Agency or Licensing Agency?
Absolutely not. If an agent breaks the NAR rules they can be fined or kicked out of the group. Only a specific governing agency or commission can suspend or revoke a license. In the state of Colorado DORA our regulatory agency is much more strict than NAR. Again the main function of the Realtor Asoc. is to make sure Realtors play nice with each other and to lobby public officials. It is such a great origination that the large real estate franchises force their agents to be a Realtor. Realtor helps big agencies become even bigger. This is not what this broker sees as good for the general public. The big franchise companies try to get rid of the competition.
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