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Updated over 8 years ago on . Most recent reply

Account Closed
  • Sioux Falls, SD
0
Votes |
12
Posts

Brand new investor looking for agent

Account Closed
  • Sioux Falls, SD
Posted

Hello all, this is my first post, and I have a couple extremely newbie questions. I'm new to the idea of real estate investing, but extremely motivated. I've been listening to as many of the podcasts as I can while at work, as I'm a driver, and it's a perfect opportunity to learn WHILE working. I even picked up a couple books I've been reading at home. Needless to say, most of my time lately has been devoted to learning about the REI world. But, I have a dumb question about real estate agents. What is the difference between real estate agents and realtors? I never hear people use the term realtor, only real estate agent. What is the best way you all have found to find a good agent? I had a great realtor when I bought my house, and I'm considering getting in contact with him again. I know he works closely with at least one other investor because my house was essentially a wholesale situation, as they bought it cheap and intended to rehab and flip it before my realtor thought I might be interested in it. So I bought it from them as is and we both got a great deal. Anyways, would it be a conflict of interest for him if he's already working closely with another investor, or should I try and get in contact with him? Thanks in advance for the advice

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37
Posts
11
Votes
Sharisma Sawyer
  • Real Estate Agent
  • Tampa, FL
11
Votes |
37
Posts
Sharisma Sawyer
  • Real Estate Agent
  • Tampa, FL
Replied

Andrew, welcome to Bigger Pockets. Real Estate Agents and Realtors are technically the same thing and perform the same tasks regarding Real Estate, the only difference is that Realtors are members of the National Association of REALTORS and they adhere to a strict code of ethics. While all Realtors are agents, not all agents are REALTORS. Regarding working with your past real estate agent, I don't consider it a conflict of interest as most agents are working with other investors. Working with agents that have experience in investment properties or are investors themselves are key. If you have any more questions I would love to help. 

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