What does the term REALTOR refer to?

What does the term REALTOR refer to?

• A. A professional designation granted by the provincial government
• B. A trademark that identifies industry members of CREA and subscribe to a strict REALTOR code
• C. A generic term for any real estate salesperson
• D. An acronym for regional real estate association

Answer: (B)

REALTOR is a trademark owned by CREA (the Canadian Real Estate Association). It identifies industry members who belong to CREA and who subscribe to its Code of Ethics and Standards of Practice. Because it’s a membership-based designation, not every licensed real estate professional can use the term; they must be part of a CREA-affiliated board and commit to following the REALTOR code. It isn’t granted by the provincial government, nor is it a generic term for any real estate salesperson. This designation signals to clients that the person adheres to CREA’s ethics and standards and typically has access to CREA resources like the MLS through the board.

REALTOR is a trademark owned by CREA (the Canadian Real Estate Association). It identifies industry members who belong to CREA and who subscribe to its Code of Ethics and Standards of Practice. Because it’s a membership-based designation, not every licensed real estate professional can use the term; they must be part of a CREA-affiliated board and commit to following the REALTOR code. It isn’t granted by the provincial government, nor is it a generic term for any real estate salesperson. This designation signals to clients that the person adheres to CREA’s ethics and standards and typically has access to CREA resources like the MLS through the board.