Understanding the Distinction Between a Realtor and a Real Estate Agent Definition of Realtor and Real Estate agent What is an Realtor? A realtor, or licensed professional, is a person who acts as an intermediator between buyers of real property and sellers. They are members of National Association of Realtors, and must adhere a strict code of ethical conduct. Real estate agents are licensed professionals, but they are not NAR members. Both realtors and agents are licensed professionals who help clients to buy, sell or rent property. But realtors have additional resources and networking options. The main difference between a