Which of the following is NOT a license type offered by the Division of Real Estate?

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Prepare for the Principal Lending Manager (PLM) Test. Access multiple choice questions and flashcards with detailed explanations and hints to enhance your learning experience and boost your confidence for test day.

Multiple Choice

Which of the following is NOT a license type offered by the Division of Real Estate?

Explanation:
The Division of Real Estate licenses professionals who directly handle real estate transactions or determine property values. Real estate brokers and salespersons are the people who facilitate deals, while real estate appraisers determine the value of a property for those deals. Mortgage servicing, by contrast, focuses on managing an existing loan—collecting payments and handling escrow or defaults—and is regulated by a different agency. So Mortgage Servicer isn’t a license type offered by the Division of Real Estate, whereas real estate broker, real estate salesperson, and real estate appraiser are.

The Division of Real Estate licenses professionals who directly handle real estate transactions or determine property values. Real estate brokers and salespersons are the people who facilitate deals, while real estate appraisers determine the value of a property for those deals. Mortgage servicing, by contrast, focuses on managing an existing loan—collecting payments and handling escrow or defaults—and is regulated by a different agency. So Mortgage Servicer isn’t a license type offered by the Division of Real Estate, whereas real estate broker, real estate salesperson, and real estate appraiser are.

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