Illinois License Law
A REALTOR® designation differs from an Illinois real estate broker license in that:
AREALTOR® is a mandatory designation for all Illinois brokers
BREALTOR® is a trademarked membership designation of the National Association of REALTORS that indicates membership in NAR and agreement to its Code of Ethics, not a license category✓ Correct
CREALTOR® is a higher license category than managing broker
DOnly REALTORS® may receive commission in Illinois
Explanation
REALTOR® is a registered trademark and membership designation of the National Association of REALTORS® (NAR). It is NOT a license category or legal requirement — it indicates that the individual is a member of NAR and has agreed to abide by NAR's Code of Ethics.
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