Which type of activity performed by a trustee does not require a real estate license?

Prepare for the Virginia Real Estate License Test. Use flashcards and multiple-choice questions with hints and comprehensive explanations to ace your exam. Start your study today!

A trustee operating under a living trust instrument is engaged in activities that are part of their fiduciary responsibilities rather than real estate transactions requiring a license. Trustees are appointed to manage properties and assets for the benefit of the beneficiaries as dictated by the trust agreement. Their role typically includes overseeing the administration of the trust, which may involve holding or managing real estate without needing a real estate license, as they are acting in accordance with the trust provisions.

This is distinct from other activities listed, such as managing properties within the trust, negotiating sales of those properties, or conducting transactions for a fee, all of which might require a real estate license since they involve engaging in real estate activities with the intention of commercial gain or compensation. In contrast, the trustee's actions under the terms of a living trust focus on fulfilling their obligations to the beneficiaries, and therefore, no licensing is mandated for these specific duties.

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