To protect the title from misuse, the association obtained a copyright and trademark on it in 1950. NAR was based greater than a century ago, but it has only used the time period “Realtor” for about 40 years. The association was originally based in 1908 as the National Association of Real Estate Exchanges and changed its name in 1916 to The National Association of Real Estate Boards. According to the Bureau of Labor Statistics, real estate licensing applicants must complete anyplace between 30 to 90 hours of classroom instruction from an accredited college, university or technical faculty, relying on the state. The titles “real estate agent” and “Realtor” are sometimes used interchangeably.
Are the terms “real property agent” and “Realtor” interchangeable? Those contained in the industry know that they’re not, however they also realize it seems to be a bit of an trade secret — many customers aren’t certain at …