Final answer:
An individual needs a License and a Registration Certificate to be authorized to trade in real estate, after completing required education and passing necessary exams.
Step-by-step explanation:
The components that will provide someone with authorization to trade in real estate are a License and a Registration Certificate. To engage in the real estate business legally, one must first complete the required educational training to understand the industry and its laws. Upon successful completion, they can then apply for a real estate license with the relevant regulatory body.
After meeting all the criteria, including passing necessary exams, they receive a license. The next step is to register with the state or local government, which involves obtaining a registration certificate. These documents are necessary to ensure that the individual has met all the legal requirements to practice as a professional in the real estate field.