Question 13

A person is NOT required to have a real estate license when acting as an administrator of an estate.

In the capacity of an administrator of an estate, a person does not need a real estate license to manage or sell property belonging to a deceased individual's estate. This role is typically governed by probate law, which allows executors or administrators to handle estate assets without licensing requirements.

A) Operator of a rental referral company

An operator of a rental referral company is required to have a real estate license because this role involves facilitating rental transactions and providing services related to rental properties, which falls under real estate licensing regulations.

B) Commercial mortgage broker

A commercial mortgage broker must hold a real estate license in order to legally facilitate the financing of commercial properties. This position requires knowledge of real estate transactions and financing that necessitates a licensed professional.

C) Real estate auctioneer

A real estate auctioneer is required to have a real estate license to conduct property auctions. This role involves selling real estate at auction and requires adherence to specific regulations that govern real estate transactions.

D) Administrator of an estate

As an administrator of an estate, an individual is not required to have a real estate license. This position allows the person to manage the assets and liabilities of the estate, including the sale of real property, under the authority granted by probate court, which does not involve standard real estate licensing.

Conclusion

The correct answer is D, as an administrator of an estate operates under probate law rather than real estate regulations. All other options involve activities that require a real estate license due to their direct engagement in real estate transactions or services. This distinction underscores the specific legal frameworks governing different roles within real estate and estate management.