Which of the following allows unlicensed persons to engage in leasing activities?

The correct choice reflects the provision that allows unlicensed individuals to engage in leasing activities under specific circumstances. When a person is managing an owned property as a resident manager, they are typically allowed to perform various leasing activities without needing a license. This is because they are directly involved in managing the property that they inhabit or manage for the owner, which can include tasks such as showing units, collecting rents, and maintaining the property.

This exception is in place to facilitate the operations of property management without requiring every individual involved in day-to-day activities to hold a formal licensing credential, as long as they are acting in the capacity of a resident manager.

Other options include scenarios that are not typically permitted without a license. For instance, property ownership alone does not automatically allow unlicensed individuals to engage in leasing activities for other properties. Engaging in leasing on behalf of a licensed agent or seeking permission from a local authority generally requires a licensing structure to ensure compliance with state regulations surrounding property management and leasing practices.