Answer:
c. Off-Site Property Managers
Explanation:
The California Bureau of Real Estates, shortly known as CalBRE is the federal agency to administer the laws and regulations of the real estate business. It is headed by the real estate commissioner.
According to the laws of real estate licensing in California, employees of the banks and certain lending establishments, cemetery authorities, certain agricultural associations, short term rental agents, licensed personal property brokers,etc are not required to register themselves or obtain license for a real estate broker or salesperson because of their nature of their jobs. The California laws have given exemption to these employees to licensed themselves as real estate agents.
Hence the correct answer is -- option (c).