New Jersey Real Estate Exam Practice Question
A licensee may use the term 'REALTOR' or 'REALTOR ASSOCIATE' ONLY if the licensee is:
Correct Answer: B
Rationale: The term 'REALTOR' or 'REALTOR ASSOCIATE' is specifically reserved for those who are members of the National Association of REALTORS (NAR), which establishes standards of professionalism and ethics in the real estate industry.
Option A is incorrect because mere state licensing does not grant the right to use these terms; membership in NAR is essential. Option C is also wrong, as ownership or management of a real estate company does not automatically confer REALTOR status. Similarly, option D is incorrect; being part of a national franchise does not equate to membership in NAR, which is the definitive requirement for using these designations.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now