What is a "REALTOR®" in Michigan?

Prepare for the Michigan License Law Test. Master key concepts with flashcards and multiple-choice questions, each offering hints and explanations. Ace your exam!

A "REALTOR®" in Michigan refers specifically to a licensed real estate professional who is a member of the National Association of REALTORS®. This affiliation means that the individual adheres to a strict code of ethics and standards of practice set forth by the National Association. Being a REALTOR® not only signifies that the agent is licensed but also indicates their commitment to professionalism and ethical behavior in the real estate industry. This designation can enhance credibility and often provides access to additional resources, training, and networking opportunities that can benefit their clients and enhance their business practices.

The other choices do not accurately describe what a REALTOR® is. While a real estate agent may hold additional certifications or operate independently, the term "REALTOR®" is specifically linked to membership in the National Association. Furthermore, a real estate investor focuses on buying and selling properties for profit, which does not encompass the broader responsibilities and ethical obligations associated with the REALTOR® designation.

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