Which of the following is NOT a requirement for obtaining a real estate license?

Holding a specific amount of capital is not a requirement for obtaining a real estate license. Licensing boards typically focus on educational prerequisites, legal age, and mental competency as essential criteria.

Educational requirements ensure that applicants have the foundational knowledge necessary to operate in the real estate field effectively. Legal age guarantees that candidates are mature and capable of engaging in contracts and legal agreements. Mental competency is also crucial, as it confirms that individuals have the cognitive ability to understand the responsibilities and implications of real estate transactions.

In contrast, specific capital requirements do not typically influence licensure. While having sufficient funds may be important for operating a real estate business or managing expenses, it is not a formal criterion for licensure. Therefore, candidates are evaluated on their educational background, age, and mental fitness rather than their financial status.