When is a Real Estate Agent a REALTOR?

When Is a Real Estate Agent a REALTOR®?
A real estate agent is a REALTOR® when he or she becomes a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate®, the world's largest professional association. The term "REALTOR®" is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and abides by its strict Code of Ethics.

Founded in 1908, NAR has grown from its original nucleus of 120 members to more than 1 million today. NAR is composed of REALTORS® who are involved in residential and commercial real estate as brokers, salespeople, property managers, appraisers, counselors, and others who are engaged in all aspects of the real estate industry.

Members belong to one or more of 1,700 local associations/boards and 54 state and territory associations of REALTORS® and can join one of our many institutes, societies, and councils. Additionally, NAR offers members the opportunity to be active in our appraisal and international real estate specialty sections. REALTORS® are pledged to a strict Code of Ethics and Standards of Practice.

Working for America's property owners, the NATIONAL ASSOCIATION OF REALTORS® provides a facility for professional development, research, and exchange of information among its members.

Check out the Public Awareness Campaign television and radio spots that encourage consumers to rely on the expertise and integrity of REALTORS®.

The NAR advertising campaign runs February through November on network and cable television and network and satellite radio, helping consumers understand the real value of working with REALTORS®. From their voluntary adherence to a Code of Ethics to their incomparable knowledge of real estate processes, REALTORS® are the experts of residential and commercial property transactions.









Copyright NATIONAL ASSOCIATION OF REALTORS®

Metro Phoenix August update

There were 8,717 sales of residential properties in the Phoenix Metro
Area in August, an increase 4% over July and 18% over August 2010,
according to the Arizona Regional Multiple Listing Service. Total
inventory decreased again in for the seventh consecutive month to
26,983, or 2% below the prior month. The median sale price of $109,900
and the average sale price of $155,000 in August have remained fairly
flat for the last 12 months. Multiple offers (often 10+) above asking
price is the norm for homes priced below the mid-range and even homes
below $300,000.

Be Prepared!

If you are currently thinking of purchasing a property in Arizona whether a primary or secondary residence, do yourself this favor....before contacting a REALTOR to show you properties you will need to know what you qualify for financially.

Speak to a bank or mortgage lender to learn what you will be able to afford. If paying cash, you will need to show a "Proof of Funds" from your bank. Without either a Proof of Funds or Loan Status Report from a lender no seller will take you seriously.

So do the preliminary steps necessary so that when you find the ideal property you will be able to submit an offer immediately!

Current inventory is low, so just like the Boy/Girl Scouts.....be prepared!