Final answer:
An individual who receives compensation for procuring prospective buyers or renters of real estate must adhere to the NH Real Estate License Act by obtaining a real estate license. This ensures they meet the educational and regulatory requirements to conduct real estate transactions ethically and legally.
Step-by-step explanation:
The question asks which of the listed individuals must adhere to the provisions of the NH Real Estate License Act by first getting a real estate license. According to the information provided and the common practice within the United States, the main answer is that B. An individual who receives compensation for procuring prospective buyers or renters of real estate would typically be the one who is required to have a real estate license. Individuals or firms must own the property to enter into a contract, and occupational licenses are used to establish quality and assurance that the holder has met specific educational or testing standards, as is the case with real estate brokers.The explanation in more than 100 words is that while property owners can sell or lease their own property (A), and resident property managers (C) or manufactured housing park managers (D) are usually employees handling specific operational tasks, an individual directly engaging in the business of real estate transactions for compensation (B) is practicing brokerage. This requires a real estate license to ensure that the professional has the necessary qualifications, knowledge, and adherence to regulatory standards to protect the interests of the public.In conclusion, while property owners are typically exempt from needing a real estate license when dealing with their own property, anyone who receives compensation for facilitating the buying, selling, or renting of real estate for others is required by law to be licensed under acts like the NH Real Estate License Act.