Licensee

Definition of "Licensee"

Individual who lawfully retains a real estate salesperson or brokers license. A licensee has satisfactorily passed a real estate salesperson's or broker's license examination and meets the real estate salesperson's or broker's license state legal requirements. In many states, a real estate salesperson's license is retained by the employing real estate broker.

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What is a basic policy? What is a mortgagee? What is equity? Should I Pay Extra Each Month? Besides making my monthly mortgage payment, how can I build equity into my house?