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Realtors Meaning: Definition, Examples, and Translations

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realtors

[หˆriห.lษ™.tษšz ]

Definition

Context #1 | Noun

real estate industry

A realtor is a professional who represents buyers or sellers in real estate transactions. They are typically licensed and have expertise in the local housing market.

Synonyms

broker, property consultant, real estate agent.

Which Synonym Should You Choose?

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Word Description / Examples
realtors

Used to refer to licensed members of the National Association of Realtors (NAR) in the United States, who adhere to a strict code of ethics.

  • I contacted a few realtors to help me find a new house in the suburbs.
  • Realtors often have access to exclusive listings and market insights.
real estate agent

Common term for a person who helps clients buy, sell, or rent properties. They may or may not be licensed realtors.

  • The real estate agent showed us five houses that fit our criteria.
  • Our real estate agent was very knowledgeable about the local market.
broker

Refers to a person or firm that arranges transactions between a buyer and a seller for a commission when the deal is executed. Can be used in various markets, including real estate and financial markets.

  • After speaking to several brokers, I found the best mortgage deal.
  • He works as a stock broker but also has experience in real estate.
property consultant

Typically used to describe professionals offering specialized advice and knowledge about properties, often geared toward investment and commercial real estate.

  • We hired a property consultant to advise us on the feasibility of our new commercial development.
  • The property consultant provided a detailed market analysis and investment advice.

Examples of usage

  • Many people choose to work with a realtor when buying or selling a home.
  • The realtor helped us find our dream house within our budget.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Pop Culture

  • Realtors often feature prominently in TV shows and movies that explore the housing market or showcase quirky characters in real estate.
  • Popular reality shows, such as 'Selling Sunset,' shine a spotlight on realtors and their glamorous, competitive lifestyles.
  • Movies like 'The Big Short' depict the role of real estate professionals during market booms and busts, reflecting on the risk associated with the industry.

Historical Context

  • The profession evolved in the early 20th century, especially as urbanization increased and more people sought to buy homes.
  • The National Association of Realtors was formed to help create ethical standards in the industry after World War II.
  • In the 1980s, the rise of technology began transforming how realtors conduct business, leading to online listings and virtual tours.

Psychology

  • Realtors often act as counselors, guiding clients through emotional decisions regarding significant purchases like homes.
  • The trust between a realtor and a client can significantly impact the home-buying experience, often leading to better outcomes.
  • Studies show that homebuyers who feel supported by their realtor tend to experience less stress and greater satisfaction in their purchases.

Economics

  • The work of realtors plays a crucial role in the economy by facilitating real estate transactions, which contribute significantly to national GDP.
  • Housing markets are driven by supply and demand; realtors analyze these factors to advise clients on pricing strategies.
  • Regional economic conditions often dictate the work of realtors, as coastal areas may see different trends compared to rural regions.

Origin of 'realtors'

Main points about word origin

  • The term 'realtor' was first coined in 1916 by the National Association of Realtors to designate its members.
  • It combines 'real' from real estate and the suffix '-or,' indicating a person who does something.
  • Not everyone in real estate can call themselves a realtor; only those who are members of the National Association of Realtors can use the title.

The term 'realtor' originated in the early 20th century as a trademark of the National Association of Realtors (NAR) in the United States. It has since become a common term to refer to real estate professionals globally.

Word Frequency Rank

This word's position of #31,506 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.