Present law generally requires any person who with the intention or upon the promise of receiving any valuable consideration, offers, attempts or agrees to perform, or performs, a real estate transaction to be licensed as a broker, affiliate broker or time-share salesperson. Present law exempts various classes of persons from the licensure requirement under certain circumstances. For instance, a person is not required to have a broker's license in order to sell real property that such person owns. This bill adds an exemption from the licensure requirement for persons who perform real estate transactions for valuable consideration for persons who are employed by an owner of real estate in the business of the sale of structures and the real estate on which such structures are located if the structures are erected by the owner in the course of the owner's business.