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Glossary

  • Definition: To temporarily place or inactive one’s real estate license with a brokerage without actively engaging in real estate transactions. This is often done when a real estate agent takes a break or is not actively pursuing business.
  • Usage: “I’ve decided to take a hiatus from real estate, so I’m going to park my real estate license with the Firelight Realty until I’m ready to resume.”
  • Definition: Similar to “parking,” it refers to affiliating one’s real estate license with a brokerage without actively practicing real estate. The term implies a more extended or ongoing association with the brokerage.
  • Usage: “Even though I’m not actively selling homes right now, I’ve chosen to hang my real estate license with Firelight Realty to maintain my affiliation.”
  • Definition: A regulatory designation indicating that a real estate agent’s license is temporarily not in use. This status is often chosen when an agent is taking a break or not actively involved in real estate transactions.
  • Usage: “I’ve opted for an inactive license status as I’m focusing on other projects at the moment.”
  • Definition: The formal connection between a real estate agent and a brokerage, even if the agent is not actively involved in buying or selling properties. This association is maintained to comply with licensing regulations.
  • Usage: “Maintaining my license affiliation with Firelight Realty allows me to easily transition back into real estate when I decide to resume.”
  • Definition: The relationship between a real estate professional and a specific brokerage. This association may involve hanging or parking the license, depending on whether the agent is actively working or taking a break.
  • Usage: “I’ve maintained a strong brokerage association throughout my career, even during periods when I choose to park my license.”

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Firelight Realty is a licensed real estate broker, licensed to do business in Florida. No financial or legal advice provided. Equal Housing Opportunity. Florida License Number CQ1071151

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