What is a condition under which management personnel need not obtain a sales license?

Management personnel do not need to obtain a sales license when they are employed under a licensed dealer. This condition recognizes that individuals working in a managerial capacity may be part of a larger organization where the responsibility for licensing falls on the dealer rather than the individual employee. Therefore, as long as the dealer holds the required sales license, their employees, including management, are not individually required to obtain additional licenses for sales activities.

In the context of the other options, a limited partnership with over 5% ownership would typically indicate a level of involvement in the business that may require a license, while having no prior sales experience does not exempt an individual from needing a license if they are selling mobile homes. Additionally, having a high school diploma is generally a prerequisite for various professional roles but does not have a direct bearing on the licensing requirement for sales in this field.