Lesson 4: Exemptions to California Real Estate Licensure
Which of these individuals are exempt from obtaining real estate licensure? A person holding (and acting as) a duly executed power of attorney for a real property owner
Exempt
Which of these individuals are exempt from obtaining real estate licensure? A person selling their own property.
Exempt
Which of these individuals are exempt from obtaining real estate licensure? A credit union employee working with home loans
Exempt
Which of these individuals are exempt from obtaining real estate licensure? A person holding (and acting as) a duly executed power of attorney for a real property owner
Exempt
Bret collects payments on loans secured by real property. In an average year, he collects nearly 50 payments, totaling close to $80,000. Is a real estate license required?
In this case yes. If the individual collecting payments made 10 or fewer collections, a license would not be required.
Is an individual selling another person's property for compensation exempt?
No
Mandy is an officer in Kids-Camp, Inc. She sometimes helps K-C, Inc. purchase property to make their own parks and playgrounds. She does not receive separate compensation for these real estate purchases. Is a license required?
No
Are cemetery authorities exempt?
Yes
Are escrow agents exempt?
Yes
Are licensed securities brokers or dealers performing real estate activities in that capacity exempt?
Yes
Are receivers, trustees in bankruptcy, or persons acting under court order exempt?
Yes
