In what situation is a person exempt from licensure when compiling information on properties for rent?

A person is exempt from licensure when compiling information on properties for rent if the activity does not involve acting as a real estate agent or broker for either the tenant or the landlord. This means that the key factor is the nature of the activity rather than who is paying the fee.

In this case, if someone is simply compiling information about rental properties—such as gathering data or providing listings—this doesn't require a real estate license, regardless of whether they are compensated by the tenant, the landlord, or operate as a volunteer.

This exemption is based on the principle that information gathering and sharing, when done in a purely informational capacity, does not constitute the practice of real estate, which typically involves negotiation or finalization of rental agreements on behalf of a party. Therefore, the correct answer encompasses the broader understanding of various compensation sources and the nature of the service provided.