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What is the term for an unlicensed entity that sells its own property?

  1. Broker

  2. Owner Developer

  3. Sales Associate

  4. Real Estate Company

The correct answer is: Owner Developer

The term for an unlicensed entity that sells its own property is "Owner Developer." This designation refers to individuals or entities that own a property and choose to sell it without the involvement of a licensed real estate professional. Owner developers can sell residential, commercial, or other types of property they own without needing a real estate license, as they are acting on their own behalf rather than representing another party. In contrast, the other options relate to licensed activities. A broker is a licensed professional who facilitates real estate transactions on behalf of clients. A sales associate is a licensed individual who works under a broker to assist in selling properties. A real estate company is an organization that operates in the real estate field, typically employing licensed brokers and sales associates. Thus, "Owner Developer" accurately describes the situation of an unlicensed entity selling its own property.