Who does NOT need a real estate license to buy, sell, or lease their own property?

Property owners do not need a real estate license to buy, sell, or lease their own property because they are transacting on their own behalf. When an individual owns a property, they are legally entitled to conduct transactions regarding that property without the requirement for a license. This is based on the principle that the individual has a vested interest in the property and thus, can manage its sale, lease, or purchase without needing the authorization that a licensed real estate professional would require.

In contrast, real estate agents, real estate investors, and commercial agents generally are involved in transactions on behalf of others or as part of their businesses, and therefore they must adhere to licensing requirements set forth by their respective state laws. These regulations are designed to ensure that those who operate professionally in the real estate marketplace are qualified and knowledgeable about the laws and practices of real estate transactions.