California Real Estate Salesperson Exam Practice – Question 72

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Question

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

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Selections

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A. American Institute of Real Estate Brokers

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B. State Real Estate Commission

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C. National Association of Realtors

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D. National Association of Real Estate Boards

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Answer: C

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5 Keys Summary

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• 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).

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

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

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• 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.

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• 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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