Which of the following may sell real estate without needing a license?

In Louisiana, a trustee can sell real estate without needing a license because they are acting on behalf of the trust. Their role involves managing and executing the wishes of the trustor as specified in the trust agreement. In this capacity, they have the authority to conduct transactions, including selling property, as part of their fiduciary duties. This exemption acknowledges the specific legal framework surrounding trusts and the responsibilities assigned to trustees.

On the other hand, individuals such as real estate agents, corporations, and lawyers are generally required to hold a license when engaging in real estate transactions, as they are essentially representing clients or acting as intermediaries in the sale of property. Each of these parties typically performs activities that constitute real estate brokerage, which is regulated under Louisiana law. Thus, the trustee's unique position and the nature of their obligations allow for this exemption from licensing requirements.