Which of the following activities requires the individual to be licensed in real estate?

Brokering a sale and managing property is an activity that distinctly requires an individual to be licensed in real estate because it involves facilitating transactions between buyers and sellers and overseeing the management of real estate assets. This responsibility includes tasks such as negotiating contracts, ensuring compliance with legal regulations, and managing the financial aspects of real estate operations.

In Wyoming and many other states, laws stipulate that anyone who is engaged in these activities must possess a valid real estate license to protect the interests of clients and ensure a certain standard of professionalism and competence. Being licensed also entails the requirement to adhere to ethical practices and state regulations, which is crucial in maintaining the integrity of real estate transactions.

While conducting open houses, advertising real estate, and providing home staging services may seem connected to real estate transactions, they do not inherently require a real estate license. These activities can often be performed by individuals who are not licensed, though specific restrictions may apply depending on local regulations and the context in which they are performed.