The terms Agent, Broker and Realtor® are often used interchangeably – BUT have very different meanings. In Colorado a person must be licensed in order to sell Real Estate. Standards set by the State cover the minimal education, examinations and experience needed to become licensed. After receiving a real estate license, the better Agents join their Local and National “Association of Realtors”, the world’s largest professional trade association.
The Real Estate agent be called a Realtor® only after joining the Association and subscribing to a strict “Code of Ethics” (which goes well beyond state law). It is through the Realtor Association that the Agent agrees to collectively share the information on all houses listed for sale. This is done through the MLS or Multiple Listing Service.