Question 66

A licensee may use the term "REALTOR" or "REALTOR ASSOCIATE" ONLY if the licensee is a member of the National Association of REALTORS®.

To use the terms "REALTOR" or "REALTOR ASSOCIATE," a licensee must be a member of the National Association of REALTORS® (NAR), which sets the standards and ethical guidelines for its members.

A) duly licensed by the state real estate commission

While being duly licensed by the state real estate commission is necessary for a licensee to practice real estate, it does not grant the right to use the specific terms "REALTOR" or "REALTOR ASSOCIATE." These terms are exclusive to members of the NAR.

B) a member of the National Association of REALTORS®

This option is correct because only members of the National Association of REALTORS® are permitted to use the terms "REALTOR" and "REALTOR ASSOCIATE." Membership in NAR is a requirement that ensures adherence to its ethical standards.

C) an owner and a manager of a real estate company

Ownership or management of a real estate company does not automatically qualify an individual to use the terms "REALTOR" or "REALTOR ASSOCIATE." Membership in the National Association of REALTORS® is the determining factor for the use of these titles.

D) a member of a national franchise

Being a member of a national franchise is unrelated to the use of the terms "REALTOR" or "REALTOR ASSOCIATE." Franchise membership does not confer the rights to these titles unless the individual is also a member of the National Association of REALTORS®.

Conclusion

The correct answer is B, as it explicitly states the requirement for using the terms "REALTOR" or "REALTOR ASSOCIATE" is membership in the National Association of REALTORS®. All other options fail to recognize this essential condition, underscoring the importance of association membership in maintaining professional standards in real estate.