What are the two primary types of real estate licenses?

The correct answer identifies the two primary types of real estate licenses that are commonly recognized in the industry: broker and salesperson.

A broker license allows an individual to operate their own real estate business, manage transactions, hire and supervise other agents, and facilitate the legal and contractual aspects of real estate dealings. Brokers have met additional educational and experiential requirements beyond those of salespersons, enabling them to navigate more complex transactions and take on leadership roles in real estate operations.

On the other hand, a salesperson is typically someone who works under the supervision of a broker. Salespersons are responsible for assisting clients in buying, selling, or renting properties but cannot operate independently without a broker's oversight. This structure creates a delineation of responsibilities and levels of authority within the real estate profession.

In contrast, the other options provided do not accurately reflect the primary licensing categories recognized in the industry. Appraiser and salesperson encompass different functions within real estate but do not constitute primary licensing types. Similarly, agent and consultant refer more to roles and functions rather than formal licensing categories. Broker and manager is misleading, as "manager" is not a formal licensing category for practicing real estate.