California Real Estate Practice Exam

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Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

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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.