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?

Licensing by the Division of Real Estate covers roles involved in real estate transactions and property valuation. Real estate brokers and appraisers are classic licensable professions because they directly handle or assess real estate transactions and property value. A mortgage broker is also regulated in this context since they help arrange financing for real estate deals, which ties to real estate activity and consumer protection in that space.

A mortgage servicer, however, administers existing loans—collecting payments, managing escrow, and handling delinquencies. That function is financial services work, typically overseen by banking or financial-regulation agencies, not through real estate licensing. Therefore, mortgage servicer is not a license type offered by the Division of Real Estate.

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

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.

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

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