A Group licenses is sometimes issued to sales associates and broker associates who work for an owner-developer (real estate developer)
An owner-developer may own properties in the names of various entities. If the entities are all connected so that ownership and control is with the same individual, sales associates and broker associates employed by the owner-developer may be issued a group license.
The owner developer sends an affidavit to the DBPR with a list of all the legal company names used by the owner-developer. This allows the associate to sell for all of the affiliated entities owned by the owner-developer.
Owner-developers are not required to have a real estate license if they only sell their own properties.
Information courtesy of Rowlett Real Estate School LLC. www.rowlettrealestateschool.com . For real estate training contact Captain Wayne Rowlett at 850-547-1333
For infomation on Rowlett Real Estate School and our classes in Panama City, Fort Walton, Pensacola and Destin, visit our website at www.rowlettrealestateschool.com . Or give Captain Wayne a call at 850-547-1333
Rowlett Real Estate School is a full service Florida Real Estate School offering classroom training in Panama Ctiy Beach Florida and Destin Florida, Fort Walton Beach and Pensacola. We offer a full line up of courses
online and in classroom for all your Sales Associate and Broker real estate license requirements.