Which group is exempt from requiring a real estate license?

Employees of a property owner are exempt from requiring a real estate license because their role typically involves managing or operating the owner's own property rather than engaging in real estate transactions as a broker or agent. These employees are usually responsible for leasing, maintaining, and managing the property directly for the owner, which does not constitute brokerage activities that require licensing.

In contrast, real estate investors engage in buying and selling properties and would need to be licensed if they are acting on behalf of others or conducting transactions as a business. Independent contractors might also need a license if they facilitate real estate transactions or represent clients in these dealings. Real estate agencies represent both buyers and sellers in transactions and must have licensed agents to operate legally. Thus, employees of a property owner operate within a different framework that does not necessitate a real estate license.