Which individual is excempt from Real estate licensure

Question

Which individual is excempt from Real estate licensure

A person who sells the homes for an owner developer and is compensated on a commission basis?

A person who has a power of attorney for the purpose of executing a contract?

A person who works on a commission basis as a leasing agent in an on-site rental office?

Attorney who charges a fee to negotiate a real estate contract For a client?

Answer 1

While reviewing the answer options, you will notice that answers A,C, & D all have something in common. They are all receiving a commission or fee for their services and that is the key indicator that they must have a license.

The correct answer is B - A person acting under a legally executed power of attorney is usually exempt from licensure. They're acting as an attorney-in-fact, not as a licensee, and can sign documents on someone’s behalf.

Hope this helps!