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Real Estate

Exemptions from License Requirements

admin 2019.02.28 19:49 Views : 69

Exemptions from License Requirements

In addition to the previous exemptions, note that the following UNLICENSED parties may solicit for the sale of real property IF the party is:

  • The property owner.
  • A person holding the power of attorney FOR the owner.
  • An attorney at law acting in the capacity of an attorney ON BEHALF OF the owner.
  • A receiver or other court appointee. (We will address the topic of receivers in Chapter 12.)
  • A trustee who is selling the property under a deed of trust.

This means that the only unlicensed person who may solicit for the sale of real property is the owner and/or his legal representatives, NOT including his real estate salesperson/broker, since obviously a salesperson or broker is already licensed.