Final answer:
Consumers performing real estate activities for others must have a real estate license, which is true. These regulations ensure agents are qualified and follow ethical standards while protecting consumers interests.
Step-by-step explanation:
The statement consumers are not allowed to perform real estate activities for another person for any kind of payment unless they have a real estate license is true. Real estate activities often involve transactions concerning the sale, exchange, purchase, or lease of property. In most jurisdictions, undertaking these activities on behalf of another individual or entity without a proper license is against the law.
Licensing laws are enacted to protect consumers by ensuring that agents are qualified and adhere to ethical and professional standards. Unlicensed real estate practice can result in penalties, including fines and imprisonment.
The requirement for real estate licensure ensures that all agents have the necessary education and accountability to act in the best interests of their clients. It's an essential component of the real estate industry that maintains a high standard of practice.