Which of the following is a key component of a real estate brokerage?

A key component of a real estate brokerage is a team of licensed agents. These agents work on behalf of the brokerage to represent clients in buying, selling, or renting properties. Their licensing ensures that they have met the necessary educational requirements and are knowledgeable about real estate laws, practices, and market conditions, which is essential for conducting transactions legally and effectively.

This team of agents also plays a crucial role in building relationships with clients, providing insights into the market, and facilitating negotiations, all of which are essential functions of a real estate brokerage. The success of the brokerage largely depends on the skills and effectiveness of its agents.

Other options do not fit the definition of a key component of a brokerage. A regulatory board oversees and enforces real estate laws but is not part of a brokerage itself. A group of property owners may interact with real estate agents, but they do not constitute the operational core of a brokerage. Similarly, a financial institution may provide financing options for buyers but does not directly participate in the brokerage's primary functions.