Which person would not be exempt from real estate licensing requirements?

The individual managing ten buildings for five different clients would not be exempt from real estate licensing requirements. This situation typically qualifies as a property management activity that requires a real estate license. Property managers engage in activities such as negotiating leases, collecting rent, and handling tenant disputes, all of which fall under the definition of real estate activities mandated by California law. To legally perform these duties on behalf of multiple clients, a property manager must hold a valid real estate license.

In contrast, individuals renting out their own home or assisting a friend with the sale of a house may not require a license under certain conditions. Those who are renting out their own property typically can do so without a license, as they are acting in their own interests. Conversely, a friend helping another friend sell a house informally and without compensation might also be exempt from licensing requirements, provided the assistance does not involve a formal agency relationship or the acceptance of commission.

Furthermore, government employees managing public land operate under different regulations, as they are typically performing their duties on behalf of the government rather than as private real estate brokers or agents. These distinct circumstances clarify the licensing requirements and exemptions within the realm of real estate activities in California.