Which principle dictates that sales agents must be licensed as brokers unless exempt by law?

The principle that dictates that sales agents must be licensed as brokers unless exempt by law is aligned with the Fair Business Practice Law. This law establishes standards for conducting business in a fair and ethical manner, ensuring that real estate professionals are properly licensed to protect consumers and maintain industry integrity.

Licensing requirements serve to ensure that those engaging in real estate transactions have met necessary education and competency standards. This safeguard protects the public from unqualified individuals operating in the marketplace. While other options listed focus on specific aspects of real estate practice—such as marketing regulations, principles of agency relationships, and the requirement for disclosure of property conditions—they do not directly address the overarching mandate for licensing within the real estate profession. Thus, the Fair Business Practice Law is crucial in establishing the need for appropriate licensure among sales agents.