Found 3 blog entries tagged as realtor.

What's the difference between a Real Estate Agent and a Realtor?


You've probably heard these terms used interchangeably. While these titles are quite similar, there are two distinct differences that set Realtors apart from real estate agents.

Wood blocks lined up on a table to spell the word, "REALTOR"


First off, let's define what a real agent is/does. Real estate agents are licensed by the province they work in to assist with the buying or selling of a home. They work for a real estate company, and are usually paid through commission. Now, a Realtor does all of the same things as a regular agent, but they are a member of The National Association of Realtors (NAR). Only members are permitted to refer to themselves as Realtors, and pay for that privilege through their membership. This is not the case…

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You’re in the thick of things now. You’ve gotten pre-approval from the bank, you’ve hunted down the house you want, you’ve signed the purchase agreement and now you’re dealing with a home appraisal before the bank officially approves your loan.

 

The Basics

Before we get to the negotiating tips, we need to understand how the appraisal process works. You wouldn’t start playing a game of football without knowing the rules, right? Understand first, play to your advantage after.

Your loan lender chooses an appraiser from your area to assess an opinion of value, or rather, how much the house is worth. This appraiser is a licensed and certified professional who is unbiased – they do not represent you or the seller. This is done so that the home…

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