Final answer:
A private individual who owns five or more properties is typically required to have a license to conduct real estate property management and is not exempt from this requirement.
Step-by-step explanation:
The question is asking which scenario does not exempt someone from the requirement to have a license in order to conduct real estate property management. Typically, an individual acting under authority from a court order, an attorney at law, and a salaried employee of the government are exempt from needing a real estate license for property management.
However, a private individual who owns five or more properties is generally not exempt from this requirement and would need a license to manage these properties legally.