Realtor
A registered trademark of the National Association of Realtors, referring only to a licensee who is a member, not to every licensee.
Realtor is a registered trademark of the National Association of Realtors. It refers only to a real estate licensee who is a member of that association and agrees to follow its code of ethics.
Many licensed sales associates and brokers are not Realtors. The terms licensee and Realtor are not interchangeable.
On the exam
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The Real Estate Business (1% of the exam)
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- Multiple Listing Service (MLS)
A cooperative system in which member brokers share their listings and offers of cooperation with one another.
- Sales Associate
A licensee who performs real estate services under the supervision of a broker and cannot operate independently.
- Broker
A licensee who may operate a real estate business independently, hold escrow funds, and supervise sales associates.
This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.