unit 2 The CE SHOP real estate exams questions and
answers 2024 GRFADED A.
The main thing to remember about activities requiring licensure is "on behalf of
others, for compensation of any kind." You must have a real estate license to
perform real estate activities for another person for any kind of payment. - answers
So, if you are the owner or lessor of a property, you can sell, offer for sale, or
negotiate the purchase or sale or exchange of that property without a license. You
can also buy or offer to buy property for yourself. But if you are doing these things for
another person, you must have a license, except in specific circumstances. -
answers
Activities that require a license - answers Sell or offer to sell real estate
Buy or offer to buy real estate
Negotiate the purchase or the exchange of real estate
Lease or offer to lease real estate
Rent or offer for rent real estate
Negotiate the lease of real estate
Performing any of these functions for condominiums, cooperative interest, or
timeshares
Activities That Don't Require a Lic
Some people or situations are exempt from the requirement to hold a real estate
license. As mentioned above, buying or selling real estate on your own behalf
doesn't require a license. The other exemptions are: - answers Persons acting as
attorney in fact under a power of attorney
Auctioneers selling real estate at an auction for the owner
Attorneys at law in the performance of their duties
Trustees and their employees under trust agreements
Persons acting under the judgment or order of a court (e.g., executors, guardians,
trustees in a bankruptcy)
Corporations and their employees managing their own rental housing that do not
manage property for others
An existing tenant of a residential building who receives a fee for referring a
prospective tenant to the owner, agent, or employee of the building
Salaried employee of a broker who manages residential property for the broker on
behalf of the owner
answers 2024 GRFADED A.
The main thing to remember about activities requiring licensure is "on behalf of
others, for compensation of any kind." You must have a real estate license to
perform real estate activities for another person for any kind of payment. - answers
So, if you are the owner or lessor of a property, you can sell, offer for sale, or
negotiate the purchase or sale or exchange of that property without a license. You
can also buy or offer to buy property for yourself. But if you are doing these things for
another person, you must have a license, except in specific circumstances. -
answers
Activities that require a license - answers Sell or offer to sell real estate
Buy or offer to buy real estate
Negotiate the purchase or the exchange of real estate
Lease or offer to lease real estate
Rent or offer for rent real estate
Negotiate the lease of real estate
Performing any of these functions for condominiums, cooperative interest, or
timeshares
Activities That Don't Require a Lic
Some people or situations are exempt from the requirement to hold a real estate
license. As mentioned above, buying or selling real estate on your own behalf
doesn't require a license. The other exemptions are: - answers Persons acting as
attorney in fact under a power of attorney
Auctioneers selling real estate at an auction for the owner
Attorneys at law in the performance of their duties
Trustees and their employees under trust agreements
Persons acting under the judgment or order of a court (e.g., executors, guardians,
trustees in a bankruptcy)
Corporations and their employees managing their own rental housing that do not
manage property for others
An existing tenant of a residential building who receives a fee for referring a
prospective tenant to the owner, agent, or employee of the building
Salaried employee of a broker who manages residential property for the broker on
behalf of the owner
