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May a person sell, buy, lease, or transfer an easement or right-of-way for another, for

compensation or with the expectation of receiving compensation, for use in connection with
telecommunication, utility, railroad, or pipeline service without first obtaining a real estate license?
A. Yes
B. No"

1 Answer

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Final answer:

Generally, one needs a real estate license to handle real estate transactions for compensation, which includes activities such as selling easements. Easements are property rights that allow usage of another's property for a specific purpose. Local laws must be consulted for precise requirements.

Step-by-step explanation:

The question asks whether a person can sell, buy, lease, or transfer an easement or right-of-way for others, for compensation, in the context of telecommunications, utility, railroad, or pipeline service without a real estate license. Generally, the handling of real estate transactions involving compensation requires one to have a real estate license. An easement is a type of property right that allows the holder to use the property owned by another for a specific purpose. Restrictions such as easements and covenants are important in determining how property can be used and what legal rights are included in ownership. Therefore, facilitating a transaction involving an easement typically would require a real estate license, but there may be exemptions depending on local laws and the specifics of the transaction. Always check with your local real estate commission or legal counsel for the exact requirements in your area.

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