Who must hold a license to conduct real estate transactions on behalf of another party?

In real estate transactions, a license is essential for individuals who are engaging in activities that involve representing others in transactions, which includes negotiating, buying, selling, or leasing property. When it comes to the choice of an appraiser who provides property valuations for a fee, this individual is performing a specific service that is often a prerequisite for certain real estate transactions. In Indiana, licensed appraisers must have the required credentials to ensure that they meet the state's professional standards.

An appraiser plays a vital role in determining the market value of a property, and this function is typically regulated to ensure accuracy and integrity in the property market. Holding a license indicates that the appraiser has undergone the necessary education and training, making them qualified to provide accurate appraisals. This regulation helps protect consumers and maintain trust in real estate transactions.

The other choices describe individuals or roles that do not require a real estate license for their respective functions. For example, attorneys practicing law do so under a different regulatory framework and are generally exempt from needing a real estate license. Public officials typically perform governmental or administrative functions and are also not required to hold a real estate license in this context. A receiver in a bankruptcy case is appointed by a court and operates under judicial authority, which does not