Final answer:
A licensed individual who does not want to own a brokerage business and works under another broker is known as a broker associate.
Step-by-step explanation:
If an applicant has been issued a broker's license but does not wish to own her own real estate brokerage business, she is BEST described as a broker associate. A broker associate works under the management of another licensed broker or real estate firm rather than managing their own brokerage. Hence, option (a) Broker associate would be the correct choice.