The provisions of the Real Estate Licensing and Registration Act apply to:
Under 63 P.S. 455.304 (Exemptions from Licensing Requirements), most individuals selling their own property are exempt from real estate licensing requirements. However, a real estate licensee selling their own real estate must comply with disclosure laws and ethical obligations.
If a real estate licensee sells their own property, they must disclose in all advertising that they are a licensed real estate professional to avoid misleading the public.
While a non-licensee selling their own property is not covered under real estate licensing laws, a licensed salesperson must adhere to licensing and disclosure laws.
Why the other answers are incorrect:
Option A (Trustee under Court Order): Court-appointed trustees are exempt from real estate licensing requirements.
Option B (Attorney Representing Clients): Attorneys are permitted to handle real estate transactions as part of their legal practice without a real estate license.
Option D (Licensed Auctioneer): Auctioneers selling real estate are regulated under separate auctioneer licensing laws, not real estate licensing laws.
63 P.S. 455.304 -- Exemptions from Licensing Requirements
Luis
2 months agoCheryll
2 months agoVi
2 months agoShonda
3 months agoLea
3 months agoJutta
3 months agoLeonard
4 months agoTawny
4 months agoJulio
4 months agoLonny
4 months agoDaniel
4 months agoTitus
4 months agoMelissa
5 months agoClaribel
5 months agoViola
5 months agoAdelle
5 months agoWilliam
5 months agoAsha
6 months agoTandra
6 months agoSabine
6 months agoEden
7 months agoBrunilda
7 months agoDonte
7 months agoMel
7 months agoHelga
7 months agoCharlette
8 months agoShawnta
8 months agoTawna
2 months agoHildred
2 months agoDerick
5 months agoShelba
6 months ago