Not every licensed real estate broker is a REALTOR®.
A real estate professional can only call themselves a REALTOR® if they belong to the National Association of REALTORS® (NAR), one of the the largest and oldest profession trade groups in the US.
When they join NAR, the REALTOR® commits to being held to a higher ethical standard and must adhere to a strict Code of Ethics. First established in 1913, the REALTOR® Code of Ethics was the precursor to state licensing and is enforced by the local or state REALTOR® associations, like the Greater Albuquerque Association of REALTORS® or the REALTOR® Association of New Mexico.
Qualified Brokers vs. Associate Brokers
Here in New Mexico, some REALTORS® are associate brokers, while others are…