Final answer:
In a CLO system, a real estate license holder can invest in mortgage-backed securities but cannot offer, originate, or service loans unless licensed to do so. Increases in the quantity of loans occur when there is a rise in demand and supply.
Step-by-step explanation:
When using a Computerized Loan Origination (CLO) system, a real estate license holder may not typically offer loans to clients, originate loans, or service loans unless they have the necessary additional licensing to do so. Instead, a real estate license holder may only invest in mortgage-backed securities as a form of indirect participation in the mortgage market.
Regarding the changes in the financial market, an increase in the quantity of loans made and received can occur when there is a rise in the quantity of people who want to borrow (a rise in demand) and also when there is a rise in the quantity of people who want to lend (a rise in supply). Thus, options a (a rise in demand) and c (a rise in supply) will result in an increase in the quantity of loans made and received.