Question 91

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. This membership signifies adherence to the association's standards and code of ethics.

A) duly licensed by the state real estate commission

While being duly licensed by the state real estate commission is essential for practicing real estate, it does not grant the right to use the terms 'REALTOR' or 'REALTOR ASSOCIATE.' Membership in the National Association of REALTORS is specifically required for the use of these designations.

B) a member of the National Association of REALTORS

This option is correct as it directly addresses the requirement for using the terms 'REALTOR' or 'REALTOR ASSOCIATE.' Membership in the National Association of REALTORS ensures that the licensee adheres to specific ethical standards and practices recognized nationally.

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

Being an owner and manager of a real estate company does not automatically permit the use of the terms 'REALTOR' or 'REALTOR ASSOCIATE.' This status does not fulfill the requirement of being a member of the National Association of REALTORS.

D) a member of a national franchise

Membership in a national franchise does not confer the right to use the terms 'REALTOR' or 'REALTOR ASSOCIATE.' The key requirement is membership in the National Association of REALTORS, which is separate from franchise affiliation.

Conclusion

The correct answer is B, as it explicitly outlines the necessary condition for a licensee to use the terms 'REALTOR' or 'REALTOR ASSOCIATE.' All other options fail because they either describe necessary qualifications for practicing real estate or affiliations that do not meet the specific membership requirement of the National Association of REALTORS.