Who is considered a 'registrant' in the real estate context?

In the real estate context, a 'registrant' specifically refers to individuals or entities that are authorized to engage in real estate transactions. This includes real estate agents and brokerages, who must register with a governing body to ensure they meet the necessary qualifications, standards, and regulations to operate legally. By being registered, they demonstrate compliance with industry laws and are held accountable for their actions in the market.

Real estate agents play a critical role in facilitating transactions, providing expertise, and representing clients in buying, selling, or leasing properties. By registering, they ensure that they are trained and knowledgeable about the laws surrounding real estate practices, consumer rights, and market trends, which helps protect consumers in their transactions.

The other options listed do not fall under the 'registrant' category because they do not engage directly as intermediaries in real estate transactions: a consumer looking to buy a home does not have the professional license required to facilitate sales; a property appraiser focuses on valuating properties, not on the buying or selling process; and a mortgage lender provides financing but is not registered as a real estate professional in the same sense as agents or brokerages.