Which group falls under the definition of 'registrant' in real estate?

The definition of 'registrant' in real estate broadly encompasses individuals and entities that are officially licensed to engage in real estate transactions. This includes brokerages, brokers, and salespersons, all of whom must register with the governing body to legally operate within the real estate market.

Brokerages are firms that oversee real estate transactions and manage agents. Brokers are individuals licensed to operate independently or manage real estate firms, while salespersons work under the supervision of a brokerage to facilitate sales and leases. This framework ensures that licensed professionals adhere to regulations and standards set by the regulatory authority.

In contrast, the other options refer to categories that do not fully align with the definition of 'registrant' in real estate. Brokers and clients do not encompass the range of licensed individuals required in the industry. Financial institutions and appraisal services, while critical to real estate transactions, do not represent registrants as per the regulatory definition. Furthermore, licensed real estate trainers are not typically involved in transactions themselves but rather in education and training, which is a separate function from facilitating real estate activities. Thus, the correct response identifies the comprehensive categories of professionals who are authorized to engage in real estate practices.