Which of the following individuals is legally required to have a real estate license?

The requirement for a real estate license is typically based on the nature of the activities an individual is engaged in related to real estate transactions. In this case, the correct answer pertains to an auctioneer auctioning real property.

Auctioneers participating in the sale of real estate are involved in the business of facilitating transactions and negotiating sales, which falls under the scope of activities that typically require a real estate license. They are not simply conducting auctions for personal property or items; instead, they are actively involved in selling real estate to the highest bidder, thereby earning a commission or fee, which aligns with activities requiring licensure.

The other scenarios presented highlight situations where a license may not be necessary. For instance, attorneys are usually able to act within their legal expertise without needing a real estate license while performing legal functions. Similarly, a person buying and selling a limited number of properties for themselves often falls under exemptions that allow individuals to engage in real estate without a license if it is not done as a business. Lastly, a property manager managing one property for one owner may also not meet the threshold that would require licensure, as this role can be considered more informal or personal rather than a formal business transaction that necessitates a licensed professional.