Realtor
An agent or broker who belongs to the National Association of Realtors (NAR) and agrees to its code of ethics. Every Realtor is an agent; not every agent is a Realtor.
Also called: REALTOR®
Related terms
A licensed person who helps people buy, sell or rent property. Agents work under a broker and are paid by commission, not salary.
The 2024 settlement of commission lawsuits against NAR. Since August 2024, offers of buyer agent pay can't go in the MLS and buyers must sign an agreement before touring.
The shared database where local agents post listings and share offers of cooperation. Only members can enter listings; the public sees them through IDX sites.
A NAR rule that a listing must hit the MLS within one business day of public marketing, like a yard sign or a social post. In 2025 NAR added an option for sellers to delay public marketing.