Final answer:
Property owners typically do not need a real estate license to sell, rent, or manage their own property, but must comply with zoning regulations and other governmental restrictions.
Step-by-step explanation:
Individuals or firms must own property to enter into contracts concerning that property, including selling, renting, or managing it. According to occupational licensing norms, certain professionals must hold licenses to practice their trade or business, such as doctors, teachers, and real estate brokers. However, owners of residential real property typically do not need a real estate license to sell, rent, or manage their property, as this falls under the rights of the property owner.
Zoning regulations and other governmental restrictions do impact how property can be used. It is important for owners to be aware of these regulations to ensure they comply while conducting any transactions or alterations related to their property.