Definition: An owner or developing entity dealing in its own real property rather than acting as a broker for others. Licensed associates may work for a properly registered owner-developer.
Example
A development company employs licensed associates to sell homes it owns.
Keep the distinction clear
Ownership alone does not exempt every employee or every compensated activity from licensing. Apply the specific owner and employee exemptions, including compensation conditions.
Related terms
Group License · Sales Associate · Real Estate Brokerage
Keep studying
Can a Florida Sales Associate Work for a Builder?
References: Florida Statutes 475.01: brokerage definitions
Pronunciation (US): OH-ner dih-VEL-uh-per (capitals show stress)
Pronunciation reference: Merriam-Webster
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