Definition: A national trade association for real estate professionals. Its REALTOR® membership marks identify members, and members are subject to its Code of Ethics.
Example
A licensed professional joins the REALTOR® association structure and becomes eligible to use the appropriate membership mark.
Keep the distinction clear
NAR membership is different from a government-issued real estate license. The association is not FREC and does not issue Florida real estate licenses.
Related terms
Keep studying
A BAR SALE: Which Real Estate Activities Require a License?
References: NAR: REALTOR® membership marks
Pronunciation (US): NASH-uh-nul uh-soh-see-AY-shun uhv REE-ul-torz; N-A-R (capitals show stress)
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