Final answer:
A license is required for a person accepting a finder's fee for arranging an apartment lease and a property owner's son negotiating a lease on his father's warehouse for commission. A federal marshal or an attorney-in-fact with a recorded power of attorney do not require licenses for their respective duties.
Step-by-step explanation:
A license is required for which of the following? Looking at the options presented:
- a person accepting a finder's fee for arranging a lease of an apartment.
- a federal marshal conducting an auction of VA repossessed house for a commission.
- an attorney-in-fact selling a neighbor's house under a recorded power of attorney to convey title.
- a property owner's son negotiating a lease on his father's warehouse for a commission.
A license is specifically necessary for activities that involve a professional acting in a capacity that requires specialized training or legal authorization. This is commonly associated with real estate brokers, among other professions. Therefore:
- Option (a) requires a license since engaging in real estate transactions for compensation, such as a finder's fee, typically requires a real estate license.
- Option (b), a federal marshal, is likely exempt from such licensing requirements when carrying out official duties.
- Option (c) does not require a real estate license if the attorney-in-fact is acting under a duly recorded power of attorney for a single transaction.
- Option (d) requires a license because negotiating leases or selling real estate for compensation is an activity that requires licensure, even if it involves a family member’s property.