Who is NOT exempt from the provisions of the Texas Real Estate License Act?

The correct answer highlights that a person receiving compensation for procuring buyers or renters is indeed not exempt from the Texas Real Estate License Act. This law requires individuals or entities that engage in the business of real estate for others and receive compensation for their services to hold a valid real estate license. This includes those who act as intermediaries, whether directly facilitating sales or rentals, as they are providing a service that falls under the licensing requirements of the Act.

In contrast, individuals selling their own property, onsite apartment managers, and property owners leasing their own property typically do not require a real estate license if they are acting in their own interest or managing properties on behalf of their employer. These exemptions are designed to allow individuals to manage their own interests without the added burden of licensing, provided they are not operating in a capacity where they are handling transactions for others in exchange for payment. This clarifies why the other choices present scenarios that are generally exempt from licensing requirements under the Texas Real Estate License Act.