National Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the National Real Estate Exam. Explore multiple-choice questions, flashcards, hints, and explanations. Gear up to ace your test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which individual would NOT require a real estate license?

An attorney selling real estate in an estate
A salesperson working on commission for a builder
A property management company
A friend selling a neighbor's lot for $1,000

The correct answer is: An attorney selling real estate in an estate

An attorney selling real estate in an estate would not require a real estate license because legal professionals are often exempt from licensing requirements when they conduct transactions related to their legal practice. Attorneys are permitted to represent clients in legal matters, including selling real estate as part of estate management, without holding a real estate license. Their training, expertise, and ethical obligations provide them with the legal authority to engage in such transactions, especially when they are assisting clients in probate or estate-related matters. In contrast, the other options typically involve individuals or entities that engage in activities that fall under real estate sales or brokerage, which require a license to ensure professionalism and protect consumers in real estate transactions.