Definition of "License"

Kelly Murphy real estate agent

Written by

Kelly Murphyelite badge icon

Coldwell Banker

Document issued by a public or private institution to perform some activity according to legal requirements. There is usually a license fee. An example is a real estate license.

Comments for License

Nita Riley Nita Riley said:

Purged license, what does that mean?

Jan 21, 2020  17:58:48

 
Real Estate Agent

Hello, Nita! Purged as a legal term refers to clearing someone from guilt, charges, or accusations. This term is frequently used for driving records to suggest ways your driving records get purged from driving felonies or any other past records for that matter. This term usually applies for any sort of records, therefore, I think you meant purged license records to be more precise. This means nothing else than cleaning or clearing the records or history.

Apr 09, 2020  14:02:28
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

(1) Wide boards, generally two inches thick, attached to flooring or roof of a structure. (2) Light gauged ribbed metal sheets used for supporting a roof or floor. ...

Not attached to any parcel of land but merely a personal right to use the land of another. ...

The term land use succession definition can be looked at from two perspectives. While the general way to define land use succession would be “changes that occur over time in the use ...

Managing property directly at its location. The management functions may include showing prospective tenants the facilities, collecting rents, and doing upkeep on the property. ...

Structure of prefabricated units. ...

A step's edge. ...

A person has the option of canceling a contract previously agreed to. ...

Expenditures incurred to improve a specific real estate development; however, these improvements are not directly on the property. Example are curbs, driveways, and streets. ...

See accommodation endorser, maker, or party. ...

Popular Real Estate Questions