Final answer:
Individuals who are required to adhere to the Broker's Act without holding a brokerage license typically include administrative staff and other employees of brokerage firms who are indirectly involved in the sale of securities but do not engage in brokerage activities directly.
Step-by-step explanation:
The individuals who must adhere to the Broker's Act without being required to have a brokerage license include those who perform tasks similar to a broker but do not carry on the full scope of brokerage activities. This can include, but is not limited to, employees of brokerage firms who conduct business on the firm's behalf, such as administrative and support staff, research analysts, or other individuals whose roles are incidental to the actual sale of securities. These professionals are often governed by internal company policies and regulations from overarching bodies that regulate and supervise the sale of securities, ensuring they uphold the standards of practice without directly engaging in the trading or advising of securities.