real estate board - a trade organization whose members consist primarily of real estate brokers, salespersons, and professional persons in real estate?related industries. Most real estate boards sometimes also operate or own the local MLS service. They are usually members of the National Association of Realtors® (NAR) and the state association of Realtors®, and operate as nonprofit organizations governed by a board of directors elected from among the members. See also association of Realtors®, multiple listing service and National Association of Realtors®.

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