New Jersey Real Estate Practice Exam Practice Question
A licensee may use the term "REALTOR" or "REALTOR ASSOCIATE" ONLY if the licensee is:
Correct Answer: B
Rationale: Using the term "REALTOR" or "REALTOR ASSOCIATE" is restricted to individuals who are members of the National Association of REALTORS® (NAR). This membership signifies adherence to a specific code of ethics and professional standards, ensuring a commitment to the real estate profession.
Option A is incorrect because state licensing alone does not grant the right to use these terms; membership in NAR is also required. Option C is misleading, as ownership or management of a real estate company does not automatically confer REALTOR status. Option D is also wrong, as affiliation with a national franchise does not equate to being a member of NAR.
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