Who is NOT eligible to engage in real estate activity?

Engaging in real estate activity requires an individual to have the necessary credentials, which typically include being licensed as a broker or a salesperson. A licensed broker and a licensed salesperson have completed the requisite training, passed the necessary examinations, and are recognized by the state to conduct real estate transactions legally.

An applicant with a pending license is in the process of becoming fully licensed but has not yet completed all necessary steps. However, they might still be able to engage in certain real estate activities under specific regulations or under the supervision of a licensed individual.

In contrast, an unlicensed individual lacks any formal training, certification, or legal authority to engage in real estate activities. This lack of a license means they cannot legally represent clients in real estate transactions, collect commissions, or perform any tasks that require a license, making them ineligible for any real estate activity.