Leasing License Practice Exam

Which of these is NOT a requirement for obtaining a leasing agent license?

1. Good moral character

2. Must have a sponsoring broker

3. Obtaining a bachelor’s degree

4. Be at least 18 years old

The correct answer is: Obtaining a bachelor’s degree

Obtaining a leasing agent license typically does not require candidates to have a bachelor's degree, which makes this option correct. Various states have differing regulations, but many only mandate a high school diploma or equivalent education for individuals seeking a leasing agent license. In contrast, good moral character is often a requisite as it reflects the integrity expected in the profession, essential for maintaining trust within the leasing process. Having a sponsoring broker usually ensures that licensees have the necessary supervision and support in navigating the complexities of leasing transactions. Furthermore, being at least 18 years old is a common legal requirement, ensuring that applicants have reached an age of maturity responsible enough to handle contractual agreements. Thus, while education is important, it is not uniformly required across all jurisdictions for obtaining a leasing agent license, making the absence of a bachelor’s degree the correct answer to the question posed.