Final answer:
An unlicensed person is generally not allowed to sell a property and collect a commission due to real estate industry regulations that require licensure to ensure consumer protection and professional standards. Violating these regulations can result in legal penalties. To legally operate, one must obtain an appropriate real estate license after completing education, passing an exam, and potentially a background check.
Step-by-step explanation:
In most jurisdictions, an unlicensed person is not legally permitted to sell a property and collect a commission. In the real estate industry, a license is typically required to act as an agent or broker for the sale of property, which involves tasks such as listing the property for sale, advertising, negotiating the sale, and handling contracts and closings.
Real estate laws are designed to protect consumers by ensuring that only qualified and licensed individuals are involved in the transaction. These laws also ensure that an unlicensed person does not misrepresent themselves as a real estate professional. Selling real estate without a license and collecting a commission could result in legal penalties, including fines and possible criminal charges, depending on the specific laws in the area.
To legally sell real estate and collect a commission, one must obtain the appropriate real estate license from the state in which they wish to operate. This process generally involves completing pre-licensing education, passing a licensing exam, and in some cases, undergoing a background check.