Definition: A person or entity holding a license. In real estate practice, the term may refer to a broker, sales associate, or another credentialed professional, depending on context.
Example
Both the employing broker and an associate are licensees, but their legal responsibilities differ.
Keep the distinction clear
A licensee is not automatically a REALTOR®. That designation depends on membership in the National Association of REALTORS®.
Related terms
License · Broker · Sales Associate
Keep studying
A BAR SALE: Which Real Estate Activities Require a License?
References: Florida Statutes 475.01: brokerage definitions
Pronunciation (US): lye-sun-SEE (capitals show stress)
Pronunciation reference: Merriam-Webster
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