Champions Law of Agency Practice Test

The correct answer is that it is false that all licensees are required to be realtors. A real estate license enables individuals to practice as real estate agents, but becoming a realtor is an optional step that involves joining the National Association of Realtors (NAR) and adhering to its code of ethics and standards of practice. While many agents choose to join this professional association to gain additional credibility and access to resources, it is not a requirement for all licensees to be members. Thus, it highlights the distinction between holding a real estate license and being a realtor, which clarifies that not every licensed real estate agent is obligated to become a realtor.