Who does NOT need a real estate license?

Study for the ASU REA380 Exam 2. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for success!

Individuals selling their own property are not required to have a real estate license because they are acting in their own interest as private sellers. This exemption allows homeowners to handle the sale of their property without the necessity of licensing regulations that apply to real estate professionals. In many jurisdictions, including Arizona, this principle is designed to facilitate the process for property owners who wish to forgo hiring an agent.

Real estate agents, property managers, and brokers who represent others in real estate transactions do require a license because their roles involve negotiating and conducting business on behalf of other individuals or entities. Licensing ensures that they are knowledgeable about real estate laws and best practices, protecting the interests of clients and the integrity of the market.

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