Pennsylvania License Law
A Pennsylvania real estate licensee who is also a mortgage loan originator must:
AHold only a real estate license since they are the same business
BHold separate licenses — a Pennsylvania real estate license and an NMLS registration/state MLO license✓ Correct
CGet PREC permission to operate in both fields
DDisclose mortgage activities only when asked by clients
Explanation
Real estate licensing and mortgage loan originator licensing are separate regulatory requirements in Pennsylvania. A licensee who originates mortgage loans must separately register with the NMLS (Nationwide Multistate Licensing System) and comply with Pennsylvania's Mortgage Licensing Act regulations.
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