Definition: When you see a listing that says it is "agent owned," it means the property is owned by a person who holds a real estate license. In many states, this disclosure is required by law. The reason the disclosure may be legally required is because an individual who is licensed to sell real estate may possess specialized information about real estate that a buyer may not know.
The agent who owns the home may or may not actively sell real estate, but that fact is important for a buyer because a buyer may want to seek his or her own representation.
