Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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True or False: Mortgage loan originators do not make loans

True
False

The correct answer is: True

Mortgage loan originators, often referred to as Mortgage Loan Officers (MLOs), originate loans by working with borrowers to evaluate their financial and credit history and determine the best loan option for them. However, MLOs do not personally provide funds for loans. They work for a lender or a mortgage company to facilitate the loan process and earn a commission or salary as a result. Therefore, it is incorrect to say that they themselves make loans as that is the role of the lender. Option B, False, is therefore the correct answer.