California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

Practice this question and more.

Which of the following entities do not make direct mortgage loans?

Mortgage brokers
Banks
Credit unions
Mortgage companies

The correct answer is: Mortgage brokers

Mortgage brokers do not make direct mortgage loans because they act as intermediaries between lenders and borrowers. They can help borrowers find loans from a variety of mortgage lenders but do not directly lend money themselves. Banks, credit unions, and mortgage companies, on the other hand, can all provide direct mortgage loans to borrowers. However, banks and credit unions often have specific lending requirements and may not offer as wide a variety of loan options as mortgage companies.