In real estate terminology, who is a licensee?

Study for the Illinois Leasing Agent Exam. Prepare with flashcards and multiple-choice questions; each with hints and explanations. Gear up for your licensed career!

A licensee in real estate terminology refers specifically to an individual who has completed the necessary education, training, and testing requirements to obtain a real estate license from the state. This licensing confirms that the individual has met legal standards and is authorized to engage in real estate activities, which can include buying, selling, leasing, or managing properties. The term "licensee" is used to distinguish those who have the credentials and legal authority to conduct real estate transactions from other individuals working in the industry, such as office assistants or non-licensed personnel, who do not have this designation.

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