Only real estate professionals who are members of the National Association of REALTORS® (NAR) can call themselves REALTORS®. All REALTORS® adhere to NAR’s strict Code of Ethics, which is based on professionalism and protection of the public. That’s why all real estate licensees are NOT the same.
The National Association of REALTORS® is the largest professional association at over one million members strong. So, whether you’re buying or selling a home—it pays to work with a REALTOR®. Look for the REALTOR® logo when choosing your real estate professional.
No matter what side of the transaction you're on, REALTORS® provide you with invaluable services. Here are some highlights from the 2019 Generational Trends Report and the 2018 Survey of Home Buyers and Sellers:
Eighty-seven percent of buyers recently purchased their home through a real estate agent or broker, and six percent purchased directly from a builder or builder’s agent.
Having an agent to help them find the right home was what buyers wanted most when choosing an agent at 52 percent.
Forty-one percent of buyers used an agent that was referred to them by a friend, neighbor, or relative and 12 percent used an agent that they had worked with in the past to buy or sell a home.
Sixty-eight percent of buyers interviewed only one real estate agent during their home search.
Ninety percent of buyers would use their agent again or recommend their agent to others.
Sixty-three percent of sellers found their agent through a referral from a friend, neighbor, or relative or used an agent they had worked with before to buy or sell a home.
Seventy-five percent of recent sellers contacted only one agent before finding the right agent they worked with to sell their home.
Ninety percent of sellers listed their homes on the Multiple Listing Service (MLS), which is the number one source for sellers to list their home.
Seventy-seven percent of sellers reported that they provided the agent’s compensation.
The typical seller has recommended their agent once since selling their home. Thirty-two percent of sellers recommended their agent three or more times since selling their home.
Eighty-five percent said that they would definitely (69 percent) or probably (17 percent) recommend their agent for future services.