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What is a Realtor?
A realtor is a person who sells or leases out real estate such as apartments, houses, factories and offices etc. They are employed by an individual, business, or company to act in such matters for their clients. They are commonly referred to as real estate agents. They can work on an individual basis or as part of a larger organization. Their duties involve looking for leads and potential customers and assisting their clients in buying or selling property. A realtor can also arrange rental opportunities. The realtor will market a property and advise on prices based upon prevailing market conditions. Any realtor must be a member of the National Association of Realtors and adhere to its stringent code of ethics.
Duties of a Realtor
A realtor will market a client's property by advertising it, inviting visits, and preparing flyers. They are required to gather details and descriptions about every aspect of a client's property, land, or premises. A realtor should respect confidentiality at all stages of the process and be in a position to negotiate on behalf of the buyer and seller. This will take into account all the needs and requirements of the client. However, the final decision of whether to buy or sell rests with the individuals involved. The realtors are also required to keep their customers' interests ahead of all other considerations. They must act with appropriate due care and diligence. The legal process of disclosure requires a realtor to be fair and honest in all steps of the process.