Which of the following roles does NOT require a real estate license?

An individual selling their own home does not require a real estate license because property owners have the right to sell their own property without needing to be licensed real estate agents. This is commonly referred to as "For Sale By Owner" (FSBO), where sellers manage the sale process themselves, which includes listing the property, showing it to prospective buyers, and negotiating contracts.

In contrast, the roles that do require a real estate license typically involve working on behalf of others in property transactions. A resident property manager, for example, needs a license to manage rental properties for others, as it involves certain legal responsibilities and fiduciary duties. Additionally, a company facilitating property exchanges must also be licensed to ensure compliance with state regulations and provide professional services. Finally, a sales agent helping clients is required to be licensed to represent buyers and sellers in real estate transactions and is bound by legal obligations to act in their clients' best interests.