What distinguishes a "REALTOR®" from other real estate agents?

• A. They work solely for buyers
• B. They are members of the National Association of REALTORS®
• C. They only handle commercial real estate transactions
• D. They do not require a real estate license

Answer: (B)

A REALTOR® is distinguished from other real estate agents primarily by their membership in the National Association of REALTORS® (NAR). This membership indicates that they adhere to a strict code of ethics and standards of practice set forth by the association, which emphasizes professionalism and a commitment to ethical dealings in real estate transactions.

Being a REALTOR® also provides agents with access to resources, networking opportunities, and educational materials that can enhance their expertise and service to clients. This commitment to ethical practices differentiates them from non-member agents, who may not be held to the same standards.

The other options presented do not correctly define what makes a REALTOR®. For instance, REALTORS® can work with buyers, sellers, or both, and their role is not limited to any specific type of real estate, whether residential or commercial. Furthermore, regardless of their association status, all real estate agents are required to obtain proper licensing to practice legally.