Tennessee Real Estate License Exam Practice Question
Which of the following people MUST have a real estate license in order to sell or lease property?
Correct Answer: A
Rationale: Option A is correct because individuals employed by brokers to sell real estate, including lots in subdivisions, must hold a real estate license to ensure compliance with legal standards and protect consumers.
Option B is incorrect; bank officers typically do not need a license for infrequent auctioning or resale of foreclosures, as these activities are usually part of their banking duties rather than real estate sales.
Option C is incorrect because resident property managers often operate under the supervision of a landlord and may not require a license for leasing activities, depending on state regulations.
Option D is also incorrect; executors can sell property as part of estate settlement without a real estate license, as their role is defined by the will rather than as a real estate professional.
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