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Licensee


Definition of "Licensee"

Michael Valerio
  HomeSmart Professionals

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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