Exemptions for licensure and compliance under Sec. 1101.005 include which of the following EXCEPT?

Exemptions for licensure and compliance under Sec. 1101.005 include which of the following EXCEPT?

• A. Onsite apartment managers
• B. The sale, lease, or transfer of a cemetery lot
• C. A licensed attorney in this state
• D. A licensed mortgage broker in this state

Answer: (D)

The question tests who is exempt from licensure under Sec. 1101.005. The exemptions cover certain roles or activities that don’t fall under real estate brokerage licensing. Onsite apartment managers are exempt when their duties involve managing a property and not negotiating or arranging real estate transactions for others. The sale, lease, or transfer of cemetery lots is also exempt. Licensed attorneys are exempt when acting within the scope of their legal practice. A licensed mortgage broker, however, is not exempt because their work is tied to facilitating real estate transactions and they fall under licensing when engaging in real estate brokerage activities. So the licensed mortgage broker is the one that does not qualify for exemption.

The question tests who is exempt from licensure under Sec. 1101.005. The exemptions cover certain roles or activities that don’t fall under real estate brokerage licensing. Onsite apartment managers are exempt when their duties involve managing a property and not negotiating or arranging real estate transactions for others. The sale, lease, or transfer of cemetery lots is also exempt. Licensed attorneys are exempt when acting within the scope of their legal practice. A licensed mortgage broker, however, is not exempt because their work is tied to facilitating real estate transactions and they fall under licensing when engaging in real estate brokerage activities. So the licensed mortgage broker is the one that does not qualify for exemption.