Real Estate Glossary

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Definitions of Realtor

  • The term realtor refers to the membership mark held by the national association of realtors and refers to any member of said organization.
  • The term REALTOR® identifies a licensed professional in real estate who is a member of the National Association of REALTORS®. Not all licensed real estate brokers and salespersons are members of the National Association, and only those who are can identify themselves as REALTORS®. Realtors conduct their business and activities in accordance with a strict Code of Ethics. For example, as agents in a real estate transaction, licensed brokers and salespersons are prohibited by law from discriminating on the basis of race, color, religion, sex, handicap, familial status, or national origin. A request from the home seller or landlord to act in a discriminatory manner in the sale, lease or rental cannot legally be fulfilled by the real estate professional.

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