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Define License in Real Estate

License: 

A license is a legal authorization given to someone that allows them to conduct a specific type of business or to use someone else's property for a specific purpose. It's a revocable right that can be taken away at any time by the owner.

Example: 

For example, a real estate agent needs a license to legally conduct business in the state in which they work. Similarly, a homeowner may grant a license to a neighbor to use a portion of their property for a specific purpose, such as accessing a shared driveway.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

A license is a right, it's true,
To use someone's property or conduct a business anew.
It's granted by the owner or the state,
And can be taken away at any rate.

A real estate agent needs a license to sell,
And help people find a home that suits them well.
A homeowner can grant a license too,
To a neighbor or friend, for a purpose that's true.

But remember, a license is not forever,
It can be revoked whenever.
It doesn't attach to the property at all,
And ends when either party takes their final call.