Which type of transaction does NOT require real estate licensure?

Renting cemetery lots does not require real estate licensure because it is typically regulated differently than residential or commercial real estate transactions. The nature of a cemetery lot is often more akin to the purchase of a burial right rather than a traditional real estate transaction where property ownership is exchanged and licensed individuals facilitate the process. Furthermore, these transactions often fall under specific state laws and local regulations that govern cemetery operations, meaning they don't align with standard real estate practices that necessitate a license. This makes renting cemetery lots a distinct category outside the scope of licensure requirements for real estate activities involving properties like commercial buildings or residential homes.