Which of the following applies to the role of a REALTOR®?

The role of a REALTOR® is closely tied to adhering to a code of ethics. This code, established by the National Association of REALTORS®, guides members in their professional conduct and governs their relationships with clients, customers, and each other. Adherence to this ethical framework helps ensure that REALTORS® operate with integrity, fairness, and transparency in all real estate transactions. The ethical standards set forth in the code are a hallmark of what distinguishes REALTORS® from other real estate professionals who may not be bound by such stringent guidelines, thereby enhancing trust in the industry.

The other options relate to specific areas or activities that individuals in real estate might engage in, but they do not encapsulate the broader responsibilities and values attached to being a REALTOR®. Therefore, while a REALTOR® can certainly focus on property rentals or specialize in commercial real estate, those activities alone do not define their role. Similarly, navigating tax regulations is an important part of many real estate transactions, but it is not a unique characteristic that applies specifically to REALTORS® as a group. The adherence to a code of ethics is the fundamental element that underpins the professional identity of REALTORS®.