The Division of Real Estate can discipline all of the following individuals except for which?

The correct choice identifies that the Division of Real Estate has the ability to discipline licensed mortgage brokers, loan originators, and real estate appraisers for violations of regulations. However, a registered loan originator, while still needing to adhere to industry standards and applicable laws, operates under the supervision of a licensed mortgage broker or lender and does not hold a license in their own right that can be individually regulated by the Division. This distinction marks an important regulatory difference; the Division's disciplinary actions typically apply to individuals with a specific license that governs their professional conduct. Therefore, the registered loan originator is less susceptible to direct disciplinary actions by the Division compared to the others listed, as they are not independently licensed.