Question

The term “Realtor” is a trade name and only persons who are members of which organization have the right to use it?

Selections

A. American Institute of Real Estate Brokers

B. State Real Estate Commission

C. National Association of Realtors

D. National Association of Real Estate Boards

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Answer: C

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5 Keys Summary

• The term “Realtor,” along with “REALTORS®” and “REALTOR-ASSOCIATE®,” is a registered trademark and collective membership mark owned by the National Association of Realtors (NAR).

• The right to use the designation “Realtor” is granted exclusively through membership in the National Association of Realtors (NAR).

• Only licensees who are active members of the NAR are authorized to refer to themselves as a “Realtor”.

• Use of the “Realtor” trade name by a licensee who is not an NAR member constitutes misuse and is a violation of the California Real Estate Law.

• Members of the National Association of Realtors commit to adhering to the N.A.R. Code of Ethics, conferring a designation that implies competence and high integrity.

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