What is the requirement for an owner developer regarding real estate licensing?

An owner-developer is an individual or entity that owns property and develops it for sale, often as part of constructing new homes or buildings. In the context of real estate licensing, owner-developers are not required to hold a real estate license to engage in selling the properties they have developed. However, they must register with the appropriate department overseeing real estate activities.

This registration serves as a form of acknowledgment of their activities and helps ensure that they comply with local laws and regulations. It allows the department to keep track of who is involved in real estate development and sales without necessitating the full licensure that real estate agents and brokers must obtain. Therefore, while they are engaged in real estate activities, their obligation is focused on registration rather than obtaining a real estate license.