Which of the following individuals does NOT require a Texas real estate license?

Executors of estates are not required to have a Texas real estate license when they are conveying or managing property as part of their duties. Their role is typically to settle the estate and manage the disposition of assets, including real property, according to the terms of the will or Texas law. This function is legal and does not require licensure because the executor is acting in a fiduciary capacity and is usually appointed by the court to handle the estate.

In contrast, property managers, apartment locators, and real estate agents are all engaged in activities that involve representing others in real estate transactions or managing property for others' investment purposes, which necessitates a Texas real estate license. These roles require a thorough understanding of real estate laws and regulations, as well as the ability to negotiate and execute transactions on behalf of clients, which is why they are regulated by TREC.