Prophets - The First Presidency and Quorum of the Twelve are commissioned by God and sustained ... as prophets, seers, and revelators.
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Jeffrey R. Holland, Of the Quorum of the Twelve Apostles, "Prophets, Seers, and Revelators" Mormon General Conference October 2004
For more on this sermon: http://lds.org/general-conference/sessions/2004/10?lang=eng