In a mortgage agreement, who is referred to as the lender?

In a mortgage agreement, the lender is referred to as the mortgagee. This is the party that provides the funds to the borrower (the mortgagor) in exchange for a security interest in the property until the debt is repaid. The mortgagee has the right to foreclose on the property if the borrower defaults on the loan, as they hold the legal claim to the property as collateral for the loan. This terminology is a critical part of understanding real estate transactions, as it clarifies the relationship and responsibilities between the parties involved in the mortgage process.

The other roles mentioned in the choices represent different aspects of real estate transactions and do not accurately define the lender in this context. The mortgagor is the borrower who receives the loan, a broker typically acts as an intermediary between buyers and sellers, and the seller is the individual or entity selling the property, none of whom are considered the lender in a mortgage agreement.