Definition - What does Realtor mean?

A realtor is a person who has a license to be a real estate agent and is also a member of the National Association of Realtors. In the context of the law, realtors can legally act as agents for their clients. Realtors must also abide by the real estate laws of their area.

Realtors are also known as real estate agents.

Justipedia explains Realtor

Essentially, realtors are people who help real property to be bought and sold. Buying and selling real property can be a complex and time-consuming undertaking. This is why many people hire realtors. Realtors have to earn their lcenses in order to legally conduct business in the real estate industry, and so they typically possess a significant understanding of the field. This expertise is considered valuable by many people who wish to buy or sell property. Property transactions can be extremely expensive ordeals, so real estate agents can help people who don't want to complete the whole process themselves.

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