Which type of individual is exempt from real estate licensing requirements when managing property for a single owner?

An on-site property manager is exempt from real estate licensing requirements when managing property for a single owner because they are typically employed directly by the owner to oversee the day-to-day operations of the property. This arrangement allows them to perform specific tasks such as collecting rent, handling maintenance requests, and ensuring the property's general upkeep without needing a real estate license. The exemption is often in place to facilitate property management, making it easier for landlords to delegate responsibilities without requiring the manager to be licensed as a real estate professional.

In contrast, individuals such as licensed brokers, real estate assistants, and landlords themselves may have different obligations under licensing laws. A licensed broker must maintain their license to conduct any real estate transactions. A real estate assistant typically works under a licensed agent or broker and is prohibited from operating independently in a management capacity without proper licensing. Meanwhile, while landlords certainly have the right to manage their own properties, they do not fall under the category of individuals exempt from licensing requirements when acting on behalf of others.