ADRE LAW BOOK 2025

15. A person who, on behalf of another, solicits, arranges or accepts reservations or monies, or both, for occupancies of thirty-one or fewer days in a dwelling unit. 16. An escrow agent in performing the escrow agent’s duties as an escrow agent, a title in surer in performing the title insurer’s duties as a title insurer or a title insurance agent in performing the title insurance agent’s duties as a title insurance agent. This paragraph does not allow an escrow agent, a title insurer or a title insurance agent to otherwise engage in acts requiring a license under this article. 17. Notwithstanding paragraph 1 of this subsection, a corporation through its officers and employees that purchases, sells, exchanges, rents, leases, manages or pledges its property if both of the following apply: (a) The activity is only incidental to the business of the corporation. (b) The officers and employees engaged in the activity do not receive special com pensation or other consideration for the activity. 18. A trust company owned by a bank holding company regulated by the federal reserve board or a bank in exercising its fiduciary duties under the terms of a trust agreement to which real property is subject. 19. A person who receives a finder fee pursuant to section 32-2176 or 32-2197.21. B. The commissioner may grant an exemption from the licensure requirements of this article to any corporation that applies for an exemption on a finding that both of the following apply: 1. The corporation is a nonprofit corporation that provides project-based housing services and operates solely as a charitable organization as defined in section 44-6551. 2. The corporation’s sole activities related to real estate involve ownership or management of residential property owned or controlled by the corporation. 32-2122. License required of brokers and salespersons A. This article applies to any person acting in the capacity of a: 1. Real estate broker. 2. Real estate salesperson. 3. Cemetery broker. 4. Cemetery salesperson. 5. Membership camping broker. 6. Membership camping salesperson. B. It is unlawful for any person, corporation, partnership or limited liability company to engage in any business, occupation or activity listed in subsection A of this section without first obtaining a license as prescribed in this chapter and otherwise complying with this chapter. C. A person, corporation, partnership or limited liability company that is licensed as a salesperson or broker pursuant to this article or that is engaging in any work for which a license is required under this article is subject to the requirements of this chapter in performing any acts included in the definition of a broker unless otherwise provided in this chapter. D. Except as otherwise provided in this subsection, any act, in consideration or expectation of compensation, that is included in the definition of a real estate broker, cemetery broker or mem bership camping broker, whether the act is an incidental part of a transaction or the entire transac tion, constitutes the person offering or attempting to perform the act of a real estate broker or real estate salesperson, a cemetery broker or cemetery salesperson or a membership camping broker or a membership camping salesperson within the meaning of this chapter. A person who is not a

30