Final answer:
Among the options given, a licensed property manager is not exempt from licensing law requirements while engaging in property management activity.
Step-by-step explanation:
In property management, certain individuals may be exempt from licensing law requirements while engaging in property management activities. However, among the options given, a licensed property manager is not exempt from licensing law requirements.
A licensed property manager is required to meet specific qualifications and obtain the necessary license to engage in property management activities. This license ensures that they have the knowledge and skills necessary to effectively manage properties.
On the other hand, a licensed real estate broker, an attorney acting on behalf of their client, and a property owner managing their own properties may be exempt from licensing law requirements in some cases. Each of these individuals may have different responsibilities and qualifications requirements when it comes to property management.