What defines a licensed realtor?

A licensed realtor is defined as a member of the National Association of Realtors (NAR), which is a professional association that establishes strict ethical standards and practices in the real estate industry. Being a member of the NAR signifies that the individual has agreed to abide by its Code of Ethics and has access to a variety of resources, training, and networking opportunities that are not available to non-member real estate agents. This membership is a hallmark of professionalism within the field, as it identifies the agent as someone who is committed to high standards and works collaboratively with other real estate professionals.

The other choices do not encapsulate the full definition of a licensed realtor as they focus on specific roles within real estate. For instance, not all commercial real estate agents are necessarily realtors if they do not belong to the NAR. Similarly, a real estate investor may buy and sell property but does not imply membership in the NAR or adherence to its ethical standards. Finally, a property management professional may oversee rental properties and tenant relations but does not automatically qualify as a realtor unless they are also a member of the NAR.