What does the term realtor imply about an individual?

The term "realtor" specifically denotes an individual who is a licensed real estate professional and is a member of the National Association of Realtors (NAR), which requires adherence to a strict code of ethics and professional conduct. This affiliation emphasizes their commitment to ethical practices in the real estate industry, ensuring that they prioritize the interests of their clients and the community. The term reflects not only their licensing status but also their dedication to maintaining professional standards and providing exemplary service to clients in various real estate transactions.

In contrast, the other options do not capture the full meaning of what being a "realtor" entails. Completing a legal degree is not a requirement to be a realtor; rather, real estate licensing requires specific training and exams related to property transactions. Involvement in property management can be a part of a realtor's work but is not a defining characteristic of the term. Finally, specializing in commercial sales can be a focus within the real estate profession, but not all realtors specialize in this area; many work with residential properties or other types of real estate. Thus, the key aspect of being a realtor is the adherence to ethical guidelines as a licensed professional in real estate.