North York Real Estate Professional FAQ’s

Q: Are North York real estate agents, realtors, and real estate brokers the same thing?

A: Although these terms are commonly used interchangeably by laymen when discussing North York real estate professionals, they are all different levels of real estate professionals.

• A real estate agent is a person who is licensed to assist with what one would normally associate to someone who works in real estate. Think of them like a sales person. Real estate agents, in order to work, must be associated with a North York brokerage. They assist with purchasing, selling and the letting of properties. Any sales have to be facilitated by their brokerage.
• If real estate agents are like salespeople, than think of real estate brokers like the boss who manages the real estate agents. In addition to the qualifications licenced real estate agents must have, brokers are required to have a few years work experience as agents, and participate in additional qualification training. North York real estate brokers do not need to be associated with a brokerage in order to work and execute sales.
• ‘Realtors’ is the term for real North York estate agents and brokers who pay for membership in CREA (Canadian Real Estate Association). If a real estate agent or broker have CREA specific training, promise to uphold CREA realtor standards, and pay yearly membership fees, they are then legally allowed to add the very distinguished REALTOR ® title to their name.

Q: What do realtors and real estate agents do for their North York clients?

A: Make the real estate process of buying/selling easier for clients.

• When people want to sell their home, their realtors are referred to as listing agents. In this capacity listing real estate agents help their clients by creating a listing that details the property, often making suggestions about how best to stage the home so it looks more appealing in photos or during open house visits to the public. Listing agents also provide information like how much the house should sell for, and what timeframe to expect for a sale.
• For people looking to purchase, the realtor is known as the buyer agent. In this capability the buying real estate agent would discuss the budget, wants and needs of the house hunter and then narrow down the search by making reasonable and practical suggestions. Once a property has been decided on the buying agent then creates an offer to purchase to the seller.

Q: Are there ways to earn cashback from realtors in North York?

A: There are two ways to earn cashback from realtors in North York.

• The first way is by finding a real estate agent that is willing to offer what is known as a commission cashback rebate. This type of cashback is available only to someone who will be purchasing a house. And, because the rebate comes directly out of the real estate agents pocket, it is hard work to find someone who is willing to offer it is an incentive.
• The second way that it is possible to earn cashback from realtors in North York is by getting a membership with the wholesale discount company Shop2Save.
• The difference between a commission cashback rebate and Shop2Save cashback from realtors is that both buyers AND sellers can be eligible, and finding an agent to work with isn’t nearly as difficult.

As a point of interest to anyone looking to earn cashback on real estate transaction, Shop2Save also offers cashback when arranging mortgages.

Visit Shop2Save today to join for free and learn about the other ways to save money through membership and start earning!