What type of real estate license allows an individual to sell real estate but not manage a brokerage?

The correct answer is the salesperson license. This type of license is specifically designed for individuals who are authorized to sell real estate under the supervision of a licensed managing broker. A salesperson can engage in various real estate activities like listing properties, conducting showings, and negotiating sales, but they do not have the authority to operate their own brokerage or manage a real estate business independently.

In contrast, a broker's license would allow an individual to manage a brokerage and operate independently, while a managing broker license further indicates an advanced level of licensing that includes responsibilities such as overseeing agents and ensuring compliance with real estate laws. A property manager license pertains to individuals focused on the management of rental properties, which does not include sales roles. Thus, the salesperson license accurately reflects the ability to sell real estate without the responsibilities involved in managing a brokerage.