A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s)

The term "Realtor" is a trademarked designation used by members of the National Association of Realtors and does not specifically indicate that the individual is a licensed broker. Simply displaying "Realtor" lacks the necessary clarity regarding the broker's legal status, which is mandated for public trust and compliance.

This choice correctly includes both "Licensed" and "Real Estate Broker," fulfilling the legal requirement for the exterior display at a broker's place of business. It clearly communicates the broker's licensed status, providing assurance to clients and the public regarding their qualifications.

Although this option includes "Licensed," the term "Realtor" does not necessarily indicate the individual's status as a licensed broker. The use of this term may lead to confusion, as it does not strictly conform to the required terminology for a broker's public display, thus failing to meet the legal criteria.