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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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