Which of these is exempt from the provisions of the Real Estate License Act of 2000?

The correct choice indicates that individuals employed as resident property managers are exempt from the provisions of the Real Estate License Act of 2000. This is because a resident property manager works under the direct supervision of a property owner or company and is tasked with managing a specific property rather than engaging in the broader activities that require a real estate license, such as negotiating sales or leases on behalf of others.

The role of a resident property manager primarily involves day-to-day operations of the property, which can include maintaining the premises, collecting rent, and managing tenants. Since they are not acting as agents for the property owner in real estate transactions beyond their management duties, they do not fall under the licensing requirements.

In contrast, property owners who sell or lease their property typically are not exempt since those activities can involve elements of brokerage and require a license. Similarly, individuals providing fee-based management services would likely engage in brokerage activities that do require licensing, as they are operating independently for a fee rather than under an employer. Lastly, individuals selling equitable title to property multiple times are actively engaging in real estate transactions, which is a licensed activity under Illinois law. Thus, these activities do not meet the criteria for exemption from the act.