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

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Prepare for the Utah Mortgage PLM Exam. Study with flashcards and multiple choice questions, with each question providing hints and explanations. Gear up for test day!

Multiple Choice

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

Explanation:
Utah's Division of Real Estate licenses activities that initiate or brokering real estate and mortgage transactions, such as real estate brokers, mortgage brokers, and loan originators. Mortgage servicing is the ongoing administration of a loan after it’s originated, and that function isn’t a licensing category handled by the Division of Real Estate. So mortgage servicer is not a license type offered by the DRE. (Servicing is typically regulated by other state regulators or licensing frameworks.)

Utah's Division of Real Estate licenses activities that initiate or brokering real estate and mortgage transactions, such as real estate brokers, mortgage brokers, and loan originators. Mortgage servicing is the ongoing administration of a loan after it’s originated, and that function isn’t a licensing category handled by the Division of Real Estate. So mortgage servicer is not a license type offered by the DRE. (Servicing is typically regulated by other state regulators or licensing frameworks.)

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