Who is exempt from obtaining a real estate license?

The reason that the choice regarding a regular employee, executor, and receiver is correct relates to the specific roles and responsibilities these individuals fulfill in the context of real estate transactions. Regular employees of a company who do not engage in real estate transactions for compensation, such as property managers or administrative staff, generally do not need a real estate license. Similarly, executors of estates and receivers appointed by the court to manage property on behalf of another are carrying out their duties under specific legal frameworks rather than actively engaging in real estate brokerage.

In contrast, general contractors are typically involved in construction and may engage in activities that require a real estate license, especially if they are involved in broker-related transactions. Part-time real estate agents are required to hold a license due to their involvement in buying, selling, or leasing property, even if they do this on a part-time basis. A tenant representing themselves in a lease negotiation may not need a license for that specific transaction, but they do not fit the broader exemption criteria that applies to employees or executors focused on contracted duties.