A property owner hires an agent for a fee. Which of the following activities would NOT require the agent to have a real estate license?

The activity of appraising the owner's real property does not require the agent to have a real estate license because the practice of appraisal is regulated separately and typically requires a specific appraisal license or certification, rather than a real estate license. An agent may assist in the sale or management of real estate without needing appraisal credentials, and while they may have a general understanding of property values, formal appraisals require adherence to strictly defined industry standards and regulations that are outside the scope of regular real estate licensing.

In contrast, auctioning property, performing property management, or procuring prospects for purchase all fall within activities that are typically conducted by licensed real estate professionals. These tasks involve facilitating transactions or managing properties, which are core functions that require the legal authority granted through a real estate license. Each of these activities involves significant responsibility and compliance with real estate laws, thus necessitating a licensed agent to ensure proper representation and adherence to legal standards.