Difficulty: Medium

Average Score: 63%

A licensee may use the term ""REALTOR"" or ""REALTOR ASSOCIATE"" ONLY if the licensee is:

Rationale

a member of the National Association of REALTORS

The term 'REALTOR' is a trademarked designation that can only be used by individuals who are members of the National Association of REALTORS (NAR), signaling their commitment to the highest ethical standards in the real estate profession.

A (duly licensed by the state real estate commission) YOUR ANSWER

While being duly licensed by the state real estate commission is necessary to practice real estate, it does not grant the right to use the term 'REALTOR'. The designation specifically requires membership in the NAR, which is an additional credential beyond state licensing.

B (a member of the National Association of REALTORS®) CORRECT

Membership in the National Association of REALTORS is the essential requirement for using the term 'REALTOR'. This designation not only indicates the individual is licensed to practice real estate but also that they adhere to the NAR's Code of Ethics, distinguishing them from non-member licensees.

C (an owner and a manager of a real estate company) YOUR ANSWER

Being an owner and manager of a real estate company does not automatically qualify an individual to use the term 'REALTOR'. This status pertains to the individual's role within their company rather than their membership in the NAR, which is a prerequisite for the designation.

D (a member of a national franchise) YOUR ANSWER

Membership in a national franchise does not confer the right to use the term 'REALTOR'. Franchises may consist of various real estate companies, and being part of one does not equate to being a member of the National Association of REALTORS, which is the specific requirement for the designation.

Conclusion

To use the terms 'REALTOR' or 'REALTOR ASSOCIATE', an individual must be a member of the National Association of REALTORS. While state licensing and other roles in real estate are important, they do not replace the requirement for NAR membership, which ensures adherence to professional standards and ethical practices in the industry.

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