CONSUMER SERVICES
WHAT IS A REALTOR®?
All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR® logo on business cards or other marketing and sales literature. REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR® again.
BUYING
Real estate agents or brokers are generally paid through the sales commission paid by the seller when a transaction closes. Agents have expenses and financial obligations just like you, so it will be to your mutual benefit if you choose a real estate agent and stick with that person. The agent will respect your loyalty and respond with a sincere commitment to you.
SELLING
When you’re thinking about buying or selling your property, you need to ask yourself the following questions: Do you have the time, energy, sources of information, and contacts to do the job yourself? If you are one of the ‘do-it-yourself’ people, would the results be as good or better than they would be if you had professional assistance? Would it go smoother? Would it give you more personal time? Would you purchase for less, or sell for more, if a real estate agent was involved?
PROFESSIONAL STANDARDS
As REALTORS®, we pledge to abide by a strict code of ethics that safeguards our clients and the public. The Code of Ethics of the National Association of REALTORS® imposes duties above and in addition to those governed by law or regulation, and apply only to real estate licensees who are also REALTOR® members.
FILING AN ETHICS COMPLAINT
Only REALTORS® are subject to the Code of Ethics of the National Association of REALTORS® (NAR). If you have questions about filing a Code of Ethics complaint, please contact the Oklahoma Association of REALTORS® (OAR). If the real estate licensee you are dealing with is not a REALTOR®, your options will include contacting the Oklahoma Real Estate Commission (OREC).
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The Southern Oklahoma Board of REALTORS® participates with OAR in their Professional Standards Statewide Program.
CONTACT
Oklahoma Association of REALTORS®
405-848-9944
Oklahoma Real Estate Commission
405-521-3387
