What is a registrant?

• A. A person who owns multiple properties.
• B. A person licensed by a jurisdiction to trade in real estate.
• C. A broker's assistant.
• D. A tenant in a rental unit

Answer: (B)

In real estate practice, a registrant is a person who has been licensed by the jurisdiction to trade in real estate. This means they have met the licensing requirements, are in good standing, and are authorized to perform real estate activities on behalf of a broker. Registrants include real estate salespersons and brokers who operate under a licensed brokerage and can list, show, negotiate, and advise on property transactions within the regulator’s rules. Being a registrant is not about owning property, being a broker’s assistant, or being a tenant; those roles may be involved in transactions but do not carry the license to trade.