Consumer Guide: Buyer’s vs. Seller’s Market

The real estate market constantly shifts, and knowing whether conditions favor buyers or sellers can help you make smarter, more confident decisions. Here’s how to recognize which type of market you’re in and what each means for you:

What is a buyer’s market?

A buyer’s market is when there are more homes for sale than there are people looking to purchase a home. With a greater selection of homes on the market and less competition, buyers typically have more time to shop, negotiate better terms, and may even see price reductions or other purchase incentives.

What is a seller’s market?

In a seller’s market, there are fewer homes available than there are buyers looking to purchase a home, creating a competitive environment where bidding wars and quick sales can be common. While sellers can often secure higher prices and more favorable contract terms, preparing the home properly and setting a strategic asking price at the outset are still key to attracting strong offers and ensuring a smooth closing.

For more info, read the National Association of Realtors article here

When Is a Real Estate Agent a REALTOR®?

Who is part of NAR, and what separates real estate agents from REALTORS®? Read about real estate agents, REALTORS®, and understand the differences between the two. Learn how to join National Association of REALTORS® and find a REALTOR®. 

REALTOR® vs. Real Estate Agent: Quick Look

Let’s look at simple definitions for real estate agents and REALTORS®: 

Real estate agents are licensed professionals who facilitate property transactions between buyers and sellers. 

REALTORS® are licensed professionals who facilitate property transactions between buyers and sellers and are members of NAR (National Association of REALTORS®), adhering to a strict Code of Ethics and high standards of conduct. All REALTORS® are licensed real estate professionals, but not all real estate agents are REALTORS®. 

Read the rest of the article here from the National Association of Realtors

 

Realtor® vs. Real Estate Agent: Why the Difference Matters

You’ll frequently hear the terms “real estate agent” and “Realtor” used interchangeably, but they are not the same. While the distinction may seem minor, it makes a significant difference in training, ethics, accountability and service, especially in today’s evolving marketplace.

Whether you’re a consumer navigating a home sale or a professional building a career, it’s important to understand the distinction between agents and Realtors and why it matters.

The basics: license vs. membership

Let’s start with the basics. A real estate agent is an individual who holds a state-issued license to assist clients in buying, selling or renting property.

A Realtor, on the other hand, is a licensed real estate professional who is also a member of the National Association of Realtors (NAR). This membership is offered through a local Realtor association and includes automatic membership in both the state and national associations.

All Realtors are real estate agents, but not all real estate agents are Realtors.

Read the full article on Inman here