A person must be LICENSED if he or she, for compensation (or the promise of compensation) and for another person, undertakes or negotiates to undertake any of the following actions:

• Sells or offers to sell, buys or offers to buy, and solicits prospective sellers or purchasers of real estate.
• Solicits or obtains listings of real estate.
• Negotiates the purchase, sale, or exchange of real property or a business opportunity.
• Assists or offers to assist in filing an application for the purchase or lease of property owned by the state or federal government.
• Negotiates loans, collects payments, or performs services for borrowers or lenders or note owners.
• Sells or offers to sell, buys or offers to buy, or exchanges or offers to exchange a real property sales contract, or a promissory note secured directly or collaterally by a lien on real property or on a business opportunity, and performs services for the holders thereof.
• Leases or rents; offers to lease or rent; places for rent; solicits listings of places for rent; solicits for prospective tenants; negotiates the sale, purchase or exchanges of leases on real property; or collects rents from real property.*

* Keep in mind that some managers and employees under the aforementioned section are exempt from the licensing requirement.

Those parties are discussed on the following screen; so let’s move along to read about those.