Understanding the Difference Between a Realtor & a Real Estate Agent Definitions of a Realtor or Real Estate Agent What is a realtor? A realtor is a licensed professional who acts as an intermediary between buyers and sellers of real estate properties. They are members of the National Association of Realtors (NAR) and must adhere to a strict code of ethics. Real estate brokers, on the contrary, are licensed professionals and are not required to be members of the NAR. Both realtors and agents are licensed professionals who help clients to buy, sell or rent property. But realtors have additional