What term describes a licensed sales agent who is a member of the National Association of REALTORS®?

The term that describes a licensed sales agent who is a member of the National Association of REALTORS® is "REALTOR®." This designation signifies that the individual adheres to the code of ethics and professional standards set forth by the National Association of REALTORS®, which distinguishes them from other real estate professionals.

Being a REALTOR® signifies more than just being a licensed agent; it includes a commitment to ethical practices and ongoing education in the real estate field. This membership provides agents with access to various resources, tools, and networking opportunities that can enhance their professional capabilities and improve the service they provide to clients.

The other options represent various roles within the real estate industry but do not specifically denote membership in the National Association of REALTORS®. While a broker is typically a more advanced real estate professional who may oversee agents, an agent is simply a licensed individual who represents clients in real estate transactions. An associate often refers to a sales agent who works with a broker but does not have the specific implications of being a REALTOR®.