Which of the following is an exception to requiring a real estate license?

• A. For sale by owner
• B. Notaries
• C. Accountants
• D. Collection agents

Answer: (A)

The main idea here is that licensure is required when someone provides real estate services to others for compensation. The exception is the owner who sells their own property, because they are not acting as a real estate professional offering services to someone else. When a person handles the sale of their own property, there’s no intermediary real estate service being provided for others, so a real estate license isn’t needed.

Notaries, accountants, or collection agents aren’t automatically exempt just by virtue of their roles. If any of them were to perform real estate brokerage activities for someone else’s benefit and for compensation, they would typically need a license unless their work falls under a separate legal or professional scope. The key point the question targets is that a sale conducted directly by the property owner doesn’t require a real estate license.