Which category is upon a court's appointing that does not require a real estate license?

Prepare for the Bob Hogue Sales Associate Exam with expert-level resources. Empower your study process using interactive quizzes, flashcards, and comprehensive questions that include insightful explanations and answers to excel and achieve success.

The correct answer, which indicates a category upon a court's appointing that does not require a real estate license, highlights the unique nature of court-appointed individuals. When a court appoints someone, such as a receiver or custodian, their role is typically related to managing or overseeing real estate matters as dictated by the court. These positions are typically exempt from the standard licensing requirements that apply to real estate professionals because they operate under the authority of the court rather than functioning as traditional real estate brokers or agents.

This exemption exists because court-appointed individuals are fulfilling specific duties outlined by the court, often related to legal obligations or the management of assets, rather than engaging in real estate transactions for profit. Consequently, they are not acting in the capacity typical of someone who needs a real estate license.

In contrast, other options represent roles or categories that typically involve engaging in real estate activities. For example, hotel/motel clerks usually work in hospitality management and may assist with the operations of a hospitality establishment, but do not engage in real estate transactions. Similarly, time-share owners manage their own vacation properties but do not operate as licensed real estate professionals. Investors, while they buy and sell properties, also need to comply with licensing regulations when acting in a professional

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy