Explanation
REALTOR.COM is a leading real estate website and app operated by the National Association of REALTORS® (NAR) in the United States. Serving as a definitive online resource, it helps home buyers, sellers, and real estate professionals with a variety of services such as property listings, pricing, market analysis, and connecting with local REALTORS®. The website boasts up-to-date listings, detailed property information, neighborhood insights, and various tools to assist in real estate transactions.
Examples
- Home Buyers: Potential home buyers can browse millions of listings, view home prices, see property photos, access virtual tours, and save their favorite searches for later viewing.
- Home Sellers: Sellers can list their homes on the site, get estimates on their property value, and use marketing tools provided by REALTORS® to reach a broader audience.
- Real Estate Professionals: REALTORS® use the platform to list properties, gain market insights, connect with potential clients, and access resources for continued education and professional development.
Frequently Asked Questions (FAQs)
Q1: How often are listings updated on REALTOR.COM?
A1: Listings on REALTOR.COM are updated every 15 minutes from Multiple Listing Services (MLS), ensuring that users have access to the most current and accurate information.
Q2: Can I find rental properties on REALTOR.COM?
A2: Yes, REALTOR.COM includes both sale and rental listings, making it a comprehensive platform for finding any type of property.
Q3: How can I find a REALTOR® on REALTOR.COM?
A3: Users can utilize the “Find a REALTOR®” feature, which allows them to search for real estate professionals by name, zip code, or city.
Q4: Does REALTOR.COM offer mobile apps?
A4: Yes, REALTOR.COM provides mobile applications available on both iOS and Android platforms, ensuring users can access real estate listings and resources on the go.
Q5: What type of tools does REALTOR.COM offer for home buyers and sellers?
A5: Tools include mortgage calculators, affordability calculators, property comparison tools, and more to help users make informed real estate decisions.
- MLS (Multiple Listing Service): A database established by cooperating real estate brokers to provide data about properties for sale. REALTOR.COM primarily sources its listings from MLS databases.
- Market Analysis: Evaluation of market conditions to assess the selling prices of similar properties in the prospective buying area.
- REALTOR®: A real estate professional who is a member of the National Association of REALTORS® and adheres to a strict code of ethics.
Online Resources
References
- National Association of REALTORS®. “About Us.” REALTOR.COM. Link
- National Association of REALTORS®. “Find a REALTOR®.” REALTOR.COM. Link
- REALTOR.COM®, “REALTOR.COM App.” REALTOR.COM Mobile Apps. Link
Suggested Books for Further Study
- “Your First Home: The Proven Path to Home Ownership” by Gary Keller
- “The Millionaire Real Estate Agent” by Gary Keller
- “The Book on Rental Property Investing” by Brandon Turner
- “Real Estate Investing for Dummies” by Eric Tyson and Robert S. Griswold
### What organization maintains REALTOR.COM?
- [ ] Zillow
- [ ] Redfin
- [x] National Association of REALTORS® (NAR)
- [ ] Real Estate Investors
> **Explanation:** REALTOR.COM is maintained by the National Association of REALTORS® (NAR), providing resources for buyers, sellers, and real estate professionals.
### How frequently are property listings updated on REALTOR.COM?
- [ ] Daily
- [ ] Weekly
- [x] Every 15 minutes
- [ ] Every hour
> **Explanation:** Property listings on REALTOR.COM are updated every 15 minutes to ensure the latest information is available.
### What types of properties can you find on REALTOR.COM?
- [ ] Only homes for sale
- [ ] Only homes for rent
- [x] Both homes for sale and for rent
- [ ] Commercial properties only
> **Explanation:** REALTOR.COM includes listings for both homes for sale and for rent, providing a comprehensive real estate platform.
### Can you access REALTOR.COM services on mobile devices?
- [x] Yes, on both iOS and Android
- [ ] Only on iOS
- [ ] Only on Android
- [ ] No, only through the website
> **Explanation:** REALTOR.COM provides mobile applications available on both iOS and Android platforms to access real estate listings and resources.
### Which feature helps users find real estate professionals on REALTOR.COM?
- [ ] Home Value Estimator
- [ ] Mortgage Calculator
- [ ] Property Comparison
- [x] Find a REALTOR®
> **Explanation:** The "Find a REALTOR®" feature helps users search for real estate professionals by name, zip code, or city.
### Which databases provide the primary source of listings for REALTOR.COM?
- [ ] Individual agent listings
- [ ] Private homeowner listings
- [x] Multiple Listing Service (MLS) databases
- [ ] Community bulletin boards
> **Explanation:** REALTOR.COM sources its listings from Multiple Listing Service (MLS) databases, ensuring up-to-date and comprehensive property data.
### What is the primary purpose of REALTOR.COM?
- [ ] Selling real estate directly
- [ ] Hosting virtual tours exclusively
- [x] Offering resources for home buyers, sellers, and REALTORS®
- [ ] Providing legal advice on real estate
> **Explanation:** The primary purpose of REALTOR.COM is to offer a comprehensive resource for home buyers, sellers, and real estate professionals.
### Who are members of the National Association of REALTORS®?
- [ ] Only mortgage lenders
- [x] REALTORS® (real estate professionals)
- [ ] House flippers
- [ ] Home inspectors
> **Explanation:** REALTORS® who are members of the National Association of REALTORS® adhere to a strict code of ethics and are recognized as credible real estate professionals.
### What tools are available on REALTOR.COM to help home buyers?
- [x] Mortgage calculators
- [ ] Property moving services
- [ ] Free home listings without agents
- [ ] Home appraisal services
> **Explanation:** REALTOR.COM provides various tools, including mortgage calculators, affordability calculators, and property comparison tools, designed to help home buyers make informed decisions.
### Do real estate professionals need to be verified to list properties on REALTOR.COM?
- [ ] No, anyone can list properties
- [ ] Only sellers need verification
- [ ] Verification is optional
- [x] Yes, typically verified through affiliations like MLS
> **Explanation:** Listings on REALTOR.COM are typically verified through affiliations like Multiple Listing Services (MLS), ensuring the credibility and accuracy of the information.
