What is the definition of an owner-developer in real estate?

The definition of an owner-developer in real estate refers to an individual or entity that develops their own property and sells it. This person or entity is typically unlicensed in terms of real estate sales but takes on the role of developing land or property for investment purposes while managing the sale of those properties directly.

In the context of real estate, owner-developers may build residential or commercial properties with the intention of selling them, as opposed to developing properties solely for their own use. This distinction is important because it highlights their dual role as both creator and seller, which differentiates them from other roles within the industry, such as licensed professionals who operate strictly within brokerages or agencies.