OK.  To verify, I just tried applying EQ and compression to the Master track and it did exactly what I wanted it to do.  Again, so sorry to have bothered you guys on this.  I just should've tried it myself.  What made me question it was because when I selected all of the tracks to bounce to a WAV, I noticed that all the channels turned blue, but the Master didn't.  That's why I asked, but, again, I should've just tried it.
 
Thanks all who responded.
 
JB

If you select tracks and your EQ is on a buss than when you export those tracks as a mix down the EQ will not be included. 
 
Again there is no such thing as a Master track. 

If you select tracks and your EQ is on a buss than when you export those tracks as a mix down the EQ will not be included. 
 
Again there is no such thing as a Master track. 

But if you select all tracks/clips and export the master bus or main out, the master bus fx will be included.

Sanderxpander
But if you select all tracks/clips and export the master bus or main out, the master bus fx will be included.

Sanderxpander
But if you select all tracks/clips and export the master bus or main out, the master bus fx will be included.

True but there is no need to select tracks when using the master buss as the export object as long as all outs end up going through it. I do this all the time. 

John

Sanderxpander
But if you select all tracks/clips and export the master bus or main out, the master bus fx will be included.

Sanderxpander
But if you select all tracks/clips and export the master bus or main out, the master bus fx will be included.

True but there is no need to select tracks when using the master buss as the export object as long as all outs end up going through it. I do this all the time. 

So, are you saying that I would not have to select all of the objects to export?  I'd only have to select the Master bus to export?  I seem to remember trying that once not long ago and I got an error saying I need to select something to export.  It really doesn't matter. I don't wish to be argumentative with anybody.  We're obviously talking about two different functions here.  As I said before, I've accomplished what I wanted to accomplish.
 
Cheers!
JB
 
EDIT-Could it be that the terms Master BUS and Master TRACK are what is causing the conflict?  If that's the case than I apologize for using the wrong term.  Guess I don't know my busses from my tracks.
 
 

"EDIT-Could it be that the terms Master BUS and Master TRACK are what is causing the conflict?"
 
To a degree yes. Sonar has no such thing as a master track. Some DAWs do have what they call a master track. Usually its for tempo changes.
 
I don't know how long you have been using Sonar but I assure you that selecting the master buss is a good way to export a full mix. You do this in the export dialog. The one proviso is you need to be sure all audio is going through the master buss. Check my date being on this forum.  It was shortly after this forum came to be. Before that I was on the newsgroup. I have used this way of exporting for many years. 
 
 
 
 

You can either select everything or select nothing to export your mix. If you happen to have a single clip or track selected, Sonar will only export that. That's why I always do a CTRL+A in the track area to make sure I grab everything before an export. You could as well do the opposite and make sure you have nothing selected. Personally I find that a little less clear sometimes.

I always select nothing before exporting.
 
I have the File > Export > Audio bound to Alt +e, so the routine is ctrl + shift + a, alt & e.
 
Name the file, choose the destination and select desired preset. Done.
 
 

@John (and all)-Thank you for the tip.  I only tried exporting using the master bus once and maybe I wasn't doing something right.  That does seem to be an easier way to export and now that you've pointed this out I will use that way from hence.   I've been using Sonar since June 2014, almost two years and still have so much to learn, but I've been learning it as I go.  If I really have an issue or really want to learn something and can't find it on line or the Reference guide I come here and most of the time I find the answers.  Previously, I used Samplitude.  That had a master TRACK, but it was much harder to create and access.  What I really could use is a book called "Sonar X3 For Dummies" (as well as "Reason 7 For Dummies").  I don't think they exist though.
 
JB