(5 of 5)
The term "Realtor" was coined in 1916 and defined by the National Association of Real Estate Boards to mean a person engaged in the real estate business who is an active member of a Member Board of the National Association of Real Estate Boards. . . .
The term has an ethical content and has come to symbolize the effort that is being made by the National Association to raise the standards throughout this country and Canada of the real estate brokerage business. Tremendous progress has been made in this respect and a great deal if not most of it is due to the effectiveness and value of the term "Realtor" in symbolizing this effort.
It is for this reason that we call to your attention the restricted meaning of the term in the hope that in the future you will endeavor to assist us in the work we are trying to do by giving full observance to this restricted meaning of our tradename and symbol.
NATHAN WILLIAM MACCHESNEY
National Association of Real Estate Boards,
Chicago, Ill.
Let subscribers note well that TIME will invariably designate
"active members of member boards of the National Association of
Real Estate Boards" as "Realtors." In conformance with
general usage, TIME may also refer to any person who traffics or
dabbles in real estate as a "realtor." Thus, while all
"Realtors" are "realtors," not all
"realtors" are "Realtors."—ED. Camel &
Chesterfield Magazine
Sirs: Your excellent publication might easily be
termed the Chesterfield of magazines—"it satisfies," and from
my personal viewpoint the word
Camel would certainly apply for "I'd walk a mile for a copy."
*An error. Blind Senator Schall's police dog
Lux is no "flea-hound."—ED.