Final answer:
The given statement ``The term REALTOR® is a registered trademark of the NAR and may be used by all licensed brokers`` is TRUE.
The answer is option ⇒1) True
Step-by-step explanation:
The term REALTOR® is a registered trademark of the National Association of Realtors (NAR) and may be used by all licensed brokers. This statement is True.
A trademark is a symbol, word, or words legally registered or established by use as representing a company or product. In this case, REALTOR® is a trademark owned by the NAR, and licensed brokers are allowed to use it to indicate their membership and affiliation with the organization.
For example, a licensed broker who is a member of the NAR can use the term REALTOR® in their marketing materials, advertisements, and communications to convey their professionalism and commitment to ethical standards in the real estate industry.
The answer is option ⇒1) True