A person serves as manager of an apartment building, renting apartments, collecting rents, and performing other management and custodial duties. Under which of the following conditions is that person NOT required to have a real estate license?

Not signing leases does not exempt the individual from needing a real estate license. The act of managing properties, collecting rents, and facilitating lease agreements generally requires a license, regardless of who physically signs the documents. The responsibility for the management activities still necessitates licensure.

Living in an apartment rent-free as compensation does not exempt an individual from the licensing requirements. While this arrangement may affect the nature of their employment, it does not change the legal requirements for holding a real estate license when engaging in property management activities.

Managing multiple properties for different owners typically requires a real estate license, as this indicates the person is acting as a property manager for others rather than solely managing their employer’s property. This scenario suggests a level of independence that necessitates licensure.