In accordance with Section 61-2f-202, an employee of a municipality is exempt from licensure under Title 61, Chapter 2f, Real Estate Licensing and Practices Act:
(1) when engaging in an act on behalf of the municipality in accordance with:
(a) this title; or
(b) Title 11, Cities, Counties, and Local Taxing Units; and
(2) if the act described in Subsection (1) is related to one or more of the following:
(a) acquiring real estate, including by eminent domain;
(b) disposing of real estate;
(c) providing services that constitute property management, as defined in Section 61-2f-102; or
(d) leasing real estate.