Mortgage Broker Guide

Florida Mortgage Broker Licensing Section


 


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Florida Mortgage Broker Licensing Article

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´╗┐Florida Mortgage Broker Licensing: The Process

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So many people want to live in Florida. They clamor down there for many reasons. They like the weather for one. Who can beat that warm weather all year round? They also like the proximity to great beaches. Since Florida is a peninsula, almost everyone in the state is within an hour of a great beach on either the Atlantic Ocean or the Gulf of Mexico. Since Florida is so popular to live in, the mortgage broker business is booming. If you live in Florida and are thinking of changing your profession, being a mortgage broker is a good choice. To do so, all you need to do is handle the Florida mortgage broker licensing.

That's right, mortgage brokers need a license. You cannot legally work as a broker without one. Luckily, it's not too hard to achieve Florida mortgage broker licensing. You just need to know the basics. First of all, there are certain requirements to getting one. You don't need to have an office, any experience, or a net worth. These things aren't important in the Florida mortgage broker licensing process. Instead, the only real requirements are that you take the classes and pay the fees.

The classes are really the most important part of the licensing process. This is where you learn all that you'll need to know in order to run a successful mortgage broker business. In order to get a license, you need to attend twenty four hours of these classes. This is the most important aspect of the Florida mortgage broker licensing experience.

Once you've taken the classes, you can now take the licensing exam. This will ask you questions related to what you learned. It will make sure that you know what you need to know in order to run your business successfully. If you pass this exam, then you achieve getting your license. If you don't pass, you won't get your license and you won't be able to do your new career. Don't worry, though. You can always take the test again.

Florida mortgage broker licensing isn't free. In reality, it all costs money. You need to pay for the classes, the final exam, and the license itself. If you are going to business for yourself, this will cost more than $900. If you are going to work for a mortgage company, it will cost more than $1,350. Although this is very expensive, it is well worth the money. Mortgage brokers make a very good living if they are good, know how to advertise, and work well with people.