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 Evaluating offers on the rehabbed home in a way that doesn’t compromise your position in the market. Some offers, for example, can tie up your home and leave you little compensation if the buyer backs out. (See ssss1 for info on negotiating and closing the sale of your rehabbed home.)

 Advising you on how much rent you can charge for a property if you want to hold on to it for a while and you need some cash flow.

REAL ESTATE AGENT OR REALTOR: WHAT’S THE DIFFERENCE?

A real estate agent is anyone who has a state license to negotiate the sale or purchase of a property and works for a real estate broker or brokerage company. A Realtor is a real estate agent who’s also a member of the National Association of Realtors (NAR). The United States has more than 2 million real estate agents, but only 1.5 million are Realtors.

What’s the difference? Because the qualifications for obtaining a real estate license vary from state to state, the quality of real estate agents varies much more than the quality of Realtors. NAR requires its members to complete additional training and testing to improve their knowledge and abilities and encourages members to follow a strict code of ethics. The association also provides its members with additional resources and tools to assist in finding and marketing properties effectively.

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