Which of the following is NOT an exception to the practice restrictions for private clubs?

The reasoning behind identifying commercial real estate as not being an exception to the practice restrictions for private clubs lies in the nature of the regulatory framework that governs real estate transactions in Massachusetts. Private clubs, when engaging in real estate activities, generally come under specific exemptions related to certain types of transactions.

Religious organizations, For Sale by Owner homes, and rental of single-family homes can often operate under different rules, allowing them to sell property or lease without needing a real estate license under certain conditions. These exceptions acknowledge the unique nature of these entities and the specific situations in which they operate.

Conversely, commercial real estate transactions typically involve more complex legal and regulatory requirements, which requires adherence to licensing laws and regulations. Commercial properties often involve business activities requiring extensive expertise, hence the transactions related to them necessitate the involvement of licensed professionals in order to protect all parties involved.

Therefore, commercial real estate stands out as not being an exception to the practice restrictions, reinforcing the need for adherence to the formal regulatory practices within the Massachusetts real estate market.