Definition: An authorization used for an associate working with qualifying affiliated owner-developer entities under common ownership or control, subject to FREC requirements.
Example
An associate sells properties held by several qualifying development entities under an approved group arrangement.
Keep the distinction clear
It does not let an associate work for unrelated brokerage firms. A broker's multiple licenses serve a different purpose.
Related terms
Multiple Licenses (Broker) · Owner-Developer · Sales Associate
Keep studying
Multiple Broker Licenses, Broker Associates, and Group Licenses
References: DBPR: real estate group licenses · Florida Statutes 475.215: multiple licenses
Pronunciation (US): GROOP LYE-suns (capitals show stress)
Pronunciation reference: Merriam-Webster
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