Realtor vs. Real Estate Agent: What’s the Difference and Why It Matters Definitions & Background Realtor: A Licensed Professional In the real estate business, the terms “Realtor”, and “realty agent” are used interchangeably. However, these terms have different meanings. A real-estate agent is a licensed professional that represents buyers or sellers of real-estate transactions, provides guidance and facilitates the buying and/or selling process. Realtors are members of NAR, the National Association of Realtors. NAR promotes the interests of professionals in real estate. To become a realtor, a real-estate agent must adhere a strict code ethics that includes principles such honesty,