Which of the following licensees is required to have surety bond coverage?

The requirement for surety bond coverage is primarily associated with mortgage lenders, mortgage brokers, and mortgage loan originators because these positions handle significant amounts of consumer funds and are involved in the lending process. A surety bond provides a financial guarantee that the licensee will adhere to regulatory requirements and conduct business ethically. This protective measure helps establish a level of trust between consumers and financial service providers, ensuring that if a licensee does not fulfill their contractual obligations or engages in unethical practices, the bond can provide restitution to affected parties.

While real estate agents, mortgage lenders, brokers, and loan originators all play important roles in real estate transactions, the specific requirement for surety bonds is focused on those directly involved in financing and the management of loans. This distinction is crucial for maintaining regulatory compliance and protecting consumer interests within the lending landscape.