What is the Difference Between a Real Estate Agent and a Realtor?

Are the terms “real estate agent” and “Realtor” interchangeable? Those inside the industry know that they’re not, but they also know that it seems to be a bit of an industry secret — many consumers aren’t sure at all what the difference is between a real estate agent and a Realtor, or whether there even is one.

Here’s a guide you can share with clients to help explain how this real estate agent vs. Realtor thing works.