Real Estate agents/brokers are licensed at the state level. Realtor is a professional designation. An agent/broker can conduct business without having the Realtor designation.
No one is losing a licnese.
“An agent/broker can conduct business without having the Realtor designation.”
That is true. But, the problem with that...many territorial real estate broker “Boards” require NAR membership. And the Board generally owns the MLS. So, no NAR membership means no MLS membership.
But, as someone mentioned above, there are many websites, like Zillow, that allow owners to advertise their own homes. While an MLS is still a closed/membership system, it’s no longer THE ONLY system to sell real estate. That’s a good thing.
There’s a local broker that’s very conservative, even ran for a local office. She’s very vocal. She’ll probably quickly run afoul of the new Nazi Association of Realtor rules. But she’ll sue the pants off of them. Should I ever need a full service broker...I’m hiring her.