New Jersey Real Estate Practice Exam Free Practice Question
A licensee may use the term 'REALTOR' or 'REALTOR ASSOCIATE' ONLY if the licensee is:
Correct Answer: B
Rationale: To use the terms 'REALTOR' or 'REALTOR ASSOCIATE,' a licensee must be a member of the National Association of REALTORS (NAR). This membership signifies adherence to the NAR's ethical standards and professional practices, distinguishing them in the real estate industry.
Option A is incorrect; while being licensed is essential, it does not grant the right to use these specific terms. Option C is misleading; ownership or management of a real estate company does not automatically confer REALTOR status. Option D is also incorrect; affiliation with a national franchise does not equate to NAR membership, which is the key requirement for using the REALTOR designation.
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