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Most
buyers seek out the assistance
of a professional. In fact,
according to the National
Association of REALTORS®, 8 out
of 10 home sales involve the
assistance of a real estate
professional. Using a Realtor
will help expedite the search,
and give you a source for
answers to many of your
questions.
You've
probably used the term
"Realtor®" many
times. It's often used
incorrectly to mean real estate
salesperson. Companies like
Xerox, Kleenex, and Formica have
been fighting the same battle
for many years. When you hear
the brand Xerox used to refer to
a copier machine or Kleenex used
in place of tissue, you can
quickly see how frequently
trademarks are misused.
The
term Realtor should only be used
to define real estate
professionals who are members of
the National Association Of
REALTORS®. You might find it
interesting to know that not all
real estate salespeople are
Realtors. And, there's a big
difference between the two!
Realtors
are required to adhere to a
strict Code of Ethics and
Standards of Practice. This
means they have rules to abide
by, and have pledged to conduct
themselves professionally. In
California, most Realtors are
members of The California Board
of REALTORS®. Through their
membership, they are also
members of the California State
Association of REALTORS®, and
the National Association of
REALTORS®.
When
selecting a Realtor, it's also
important to choose someone who
is a participant in The Multiple
Listing Service. You may have
also heard the terms
"Multiple Listing" or
"MLS." And while you
will not directly interact with
the Multiple Listing Service, it
may play an important role in
finding the home you decide to
buy. There are Multiple Listing
Services across the country. On
Long Island, the largest is The
Multiple Listing Service of Long
Island. It is, in fact, one of
the largest MLS's in the
country, with a computerized
network of over 1,550 real
estate offices located
throughout Nassau, Suffolk,
Queens and Brooklyn. Within this
network of real estate offices,
there are more than 12,000
licensed real estate brokers and
agents who work cooperatively,
sharing their listings, and
agreeing to conduct themselves
and their businesses according
to the rules of the MLS, and The
REALTOR® Code of Ethics.
When
you see the Blue MLS sign in the
window, that means that not only
is this office a part of the
computerized network I just
spoke about, but that the agents
in MLS participating offices are
all Realtors.
By
now, you've probably surmised,
selecting a professional MLS
REALTOR® is very important!
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