Which of the following professionals is exempt from needing a real estate license?

Certified public accountants are exempt from needing a real estate license in certain situations, primarily when they are providing financial advice or service related to real estate transactions. They may assist clients with tax implications, financial planning, or bookkeeping pertaining to real estate investments without the need for a real estate license, as their primary job is accounting, not facilitating sales or leasing properties.

In contrast, real estate appraisers, property managers, and real estate brokers generally require a license. Appraisers need a license to provide property valuations formally, as this is a regulated profession due to the need for accuracy in property assessments. Property managers typically handle leasing and tenant relations, which involves making decisions and actions that require a license to ensure compliance with real estate laws. Real estate brokers facilitate transactions between buyers and sellers and also must hold a valid license to perform their duties legally and ethically.

In summary, while certified public accountants may engage in certain activities associated with real estate without a license, the other professionals mentioned in the options are required to be licensed in their respective fields.