Did you know you can be a real estate agent and not a Realtor? How is that even possible – and if I’m trying to buy or sell a house, which do I want to represent me?
Let’s start with the basics. The term Realtor® is a registered trademark, used by NAR – the National Association of Realtors, and applies to any Real Estate Agent when they become a member of the National Association of Realtors. I’m learning all kinds of things I didn’t know in Real Estate school.
Founded in 1908 the NAR started out as a group of around 120 members, but over the last 100+ years has grown to over 1,000,000 members. Yep, that’s right, there are over a million Realtors around the world. But let’s put that into perspective. I find it kind of strange that it took a full century for them to grow to that size, when today, using social medial someone like Lady Gaga can amass over 19 Million twitter followers in just 2 short years. The world is a different place these days.
But some things are still the same. Before someone can become a Realtor®, you still needs to take Real Estate classes, and pass the licensing exam to become an agent. In the State of Texas, there are three core classes plus an additional course I need to take in addition to all the college I had before today:
- Principles of Real Estate core real estate course [60 classroom hours]
- Law of Agency core real estate course (30 classroom hours)
- Law of Contracts core real estate course (30 classroom hours)
- An additional core real estate course (30 classroom hours)