Definition Of License In Real Estate

Definition of "License"

Kelly Murphy, Real Estate Agent 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.

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Comments for License

Nita Riley said:

Purged license, what does that mean?

Jan 21, 2020 17:58:48

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