Real estate agents often ask if you're working with someone to determine if they have the potential to earn money or if they are simply asking for a donation. Many customers don't realize or understand that agents only make money when a sale is completed. Real estate agents are licensed in their state to sell real estate, while realtors are members of the National Association of Realtors. This membership requires realtors to adhere to a strict code of ethics and standards of practice.
This code of ethics includes the obligation to treat all parties in a transaction honestly and fairly. Realtors also have access to the Multiple Listing Service (MLS), which is a database of properties for sale. This database is not available to the public, so it's important for realtors to be able to access it in order to find the best properties for their clients. Realtors also have access to other resources such as market data, which can help them determine the best price for a property. Realtors also have access to other professionals such as lenders, appraisers, and home inspectors. These professionals can help ensure that a property is in good condition and that it meets all legal requirements.
Realtors can also provide advice on how to negotiate the best deal for their clients. Realtors are also knowledgeable about local laws and regulations, which can help buyers and sellers understand their rights and responsibilities. They can also provide advice on how to navigate the process of buying or selling a home. In short, realtors are an invaluable resource when it comes to buying or selling a home. They have access to resources that are not available to the public, and they can provide valuable advice and guidance throughout the process. Asking if you're working with someone is simply a way for them to determine if they can offer you their services.