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Civil penalties usually accrue on a per-violation basis and, most notably, include substantial fines. A person who engages in practicing real estate without a license also may face civil lawsuits.
Ultimately, you dont have to get a license in order to be a real estate investor; there are plenty of successful investors who dont have their licenses and still experience the benefits of real estate investing.
From managing properties to assessing values, helping with mortgages, and getting into real estate investments, getting licensed can lead to a myriad of exciting career paths.
Professionals like doctors, teachers, and real estate brokers typically need occupational licenses. Exemptions from real estate licensure may include property owners selling their own property and attorneys engaged in legal real estate transactions.
A revocable right to use anothers property temporarily is known as a(n) license. A license is a legal agreement where the property owner allows someone else to use their property for a specific purpose or period of time. Unlike other forms of property rights, a license can be revoked at any time by the property owner.
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A revocable license versus an irrevocable license: A revocable license can be terminated or revoked by the licensor under certain conditions while an irrevocable license cannot be terminated or revoked once it has been granted.

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