- Jan 15, 2002
- Professional Status
- Licensed Appraiser
There has been a lot of discussion on this BB regarding proper use of the terms “appraisal”. “recertification”, “update”, etc. as they apply to us in the appraisal industry. I am constantly seeing people refer to LO’s and others who mistakenly use the wrong terms. Well………I have a suggestion to make.
Why don’t we lead the way and begin using the proper terminology ourselves? How can we expect others to do things right when we, ourselves, don’t use the proper terminology?
Let’s begin by using the words “Realtor” and “broker” correctly.
Brokers: Brokers are real estate practioners who offer their services for a fee to the public in the buying, selling, exchange and leasing of real property. Brokers are licensed and regulated by the various states.
Realtors: Realtors are members of the National Association of Realtors who abide by the Code of Ethics. They may be brokers, licensed salespeople, appraisers or certain other real estate related occupations. Realtors are not licensed by any state as they are members of a professional organization.
All too often on this BB, there have been posts complaining about “Realtors do this” or “Realtors do that” when in fact what the poster means is that “Brokers do this” and “Brokers do that”.
This misuse is quite frankly, highly insulting to those of us who are Realtors and must be grouped into this wayward grouping when the author meant “brokers” or “salespeople”. Please remember this:
All brokers are not Realtors.
All Realtors are not brokers.
If we expect others to use proper terminology, we must learn to use it ourselves. The use and misuse of the title “Realtor” is a good way to start and this board is as good a place as any to begin.