What must one hold to legally sell or lease condominiums, cooperatives, and timeshares?

To legally sell or lease condominiums, cooperatives, and timeshares, an individual must hold a real estate license. This requirement is in place because these transactions involve representing buyers or sellers in real estate dealings, which is governed by state real estate laws. A real estate license ensures that the individual has met the necessary educational requirements, understands real estate laws, and has the ability to effectively navigate the complexities of property transactions.

While other licenses mentioned, such as a broker's license, may also allow one to engage in these activities, only a specific real estate license is mandated for general sales and leasing of the properties mentioned. A general contractor's license focuses on construction and renovation, and a property manager's license pertains mostly to managing rental properties rather than directly selling or leasing them. Therefore, holding a real estate license is essential for an individual wishing to engage in the selling or leasing of condominiums, cooperatives, and timeshares.