### What is a Realtor? - [ ] A general term for any real estate agent - [ ] A specialist in commercial properties - [x] A member of The National Association of Realtors - [ ] A professional who exclusively deals in rental properties > **Explanation:** A Realtor is a real estate agent who is a member of The National Association of Realtors. Only members of this association are permitted to refer to themselves as Realtors, and they adhere to a strict code of ethics and acceptable practices. ### What is one key benefit of working with a Realtor? - [ ] Access to exclusive rental properties - [x] Adherence to a strict code of ethics and acceptable practices - [ ] Guaranteed lower commission rates - [ ] Personal financing assistance > **Explanation:** One key benefit of working with a Realtor is their adherence to a strict code of ethics and acceptable practices. This set of standards is not always guaranteed when working with other real estate agents who are not members of the National Association of Realtors. ### Can Realtors also be brokers? - [ ] No, they can only be real estate agents - [x] Yes, they can also be brokers and other real estate professionals - [ ] Yes, but only if they specialize in commercial properties - [ ] No, only brokers can be Realtors > **Explanation:** Realtors can also be brokers and other real estate professionals. This flexibility allows them to work in various capacities within the real estate industry. ### What service do Realtors typically have access to that may not be available to all real estate agents? - [x] Multiple List Service (MLS) - [ ] Private loan markets - [ ] Government property listings - [ ] Exclusive client databases > **Explanation:** Realtors typically have access to the Multiple List Service (MLS), which offers comprehensive information about properties listed by multiple real estate companies. This valuable resource may not always be accessible to real estate agents who are not members of the National Association of Realtors. ### Who regulates the code of ethics that Realtors must follow? - [ ] Local government bodies - [ ] State real estate commissions - [ ] Individual real estate agencies - [x] The National Association of Realtors > **Explanation:** The National Association of Realtors regulates the strict code of ethics that its members must follow. This organization ensures that Realtors adhere to specific standards of practice, which benefits consumers in the real estate market. ### What is a primary role of a Realtor? - [ ] To provide home staging services - [x] To assist buyers and sellers in the sale of a property - [ ] To offer financial investment advice - [ ] To manage rental properties > **Explanation:** A primary role of a Realtor is to assist buyers and sellers in the sale of a property. They provide professional services to facilitate real estate transactions, ensuring that the process is as smooth and efficient as possible. ### Why might a consumer choose to work with a Realtor instead of a non-member real estate agent? - [ ] Realtors offer guaranteed lower prices - [x] Realtors are bound by a strict code of ethics - [ ] Realtors are only available for luxury properties - [ ] Realtors provide free legal services > **Explanation:** A consumer might choose to work with a Realtor instead of a non-member real estate agent because Realtors are bound by a strict code of ethics. This commitment to ethical practices can provide greater confidence and security to consumers during real estate transactions. ### Are Realtors limited to only residential transactions? - [ ] Yes, they can only handle residential properties - [x] No, they can handle both residential and commercial transactions - [ ] Yes, unless they obtain a specific certification - [ ] Yes, but they can offer consultation services for commercial properties > **Explanation:** Realtors are not limited to only residential transactions. They can handle both residential and commercial real estate transactions, providing a wide range of services to their clients. ### Does being a Realtor automatically grant access to MLS? - [ ] Yes, all real estate professionals have access to MLS - [x] Yes, membership often provides access to MLS - [ ] No, access is only granted to brokers - [ ] No, MLS access is only available through state-level organizations > **Explanation:** Being a Realtor often grants access to the Multiple List Service (MLS), providing comprehensive information about properties listed by multiple real estate companies. This access is a significant advantage for those working with a Realtor. ### What could be a reason a real estate agent may not have access to MLS listing services? - [ ] Lack of experience in the field - [ ] Specialization in rental properties only - [x] Not being a member of The National Association of Realtors - [ ] Selling only state-owned properties > **Explanation:** A real estate agent may not have access to MLS listing services if they are not a member of The National Association of Realtors. Membership often provides access to this valuable resource, which is an advantage for Realtors and their clients.