Which of the following parties would be exempt from the real estate license requirements?

Prepare for the Georgia Real Estate License Test. Use flashcards and multiple choice questions to enhance your understanding of the laws and rules. Get exam-ready with detailed explanations and hints!

An attorney in fact operating under a duly executed power of attorney to convey real estate for an owner or lessor is exempt from the real estate license requirements. This exemption is based on the principle that individuals acting within the authority granted to them by a power of attorney are essentially stepping into the shoes of the grantor. This legal relationship allows the attorney in fact to handle real estate transactions on behalf of the property owner without the need for licensure, as they are acting based on the explicit consent and delegated authority of the owner.

This is an important distinction in real estate law, as it recognizes that the attorney in fact is merely executing the wishes of the property owner, rather than engaging in the business of real estate sales as a licensed agent would. The authority conveyed by the power of attorney serves as a legal mechanism, ensuring that the transaction is carried out appropriately without necessitating a real estate license.

In contrast, the other parties mentioned would not qualify for this exemption. An auctioneer and a forester selling property for compensation are engaging in activities that involve the marketing or selling of real estate on behalf of another party, which requires a real estate license in Georgia. Similarly, a person promoting real estate through listings and receiving a fee is conducting business in a

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy