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A mortgage broker is an individual who acts as an associate for either a licensed mortgage broker business or a properly licensed lender. A licensed mortgage broker is authorized to solicit mortgage loans on behalf of a borrower, to accept an application, and to negotiate terms and conditions of a mortgage loan on behalf of a lender.
Applicants must be at least 18 years of age and hold a high school diploma or its equivalent, be honest, truthful, trustworthy, and of good character.
The process for obtaining your Mortgage Broker’s License is quite simple:
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Apply online for a Mortgage Broker Associate License
The Florida Office of Financial Regulation oversees the licensing of mortgage brokers, correspondent lenders and lenders. Visit: https://real.flofr.com to apply for the license. A fee of $242.25 is charged to cover the cost of processing your application and fingerprint card (fees are subject to change).
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Complete the fingerprint card and submit for processing.
A fingerprint card will be mailed to you from the Office of Financial Regulation. The Sarasota County Sheriff's Department at 2020 Main Street in downtown Sarasota provides fingerprint services from 8 a.m. until noon Monday through Friday. The Venice Police Department at 1350 Ridgewood Avenue (480-3351) provides fingerprint services Monday through Friday from 6:00 a.m. - 10:00 a.m. and 4:00 p.m. to 7:00 p.m.
Return the completed fingerprint card to the Office of Financial Regulation, 200 East Gaines Street, Tallahassee, FL 32399-0375
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Complete the required 24-hour Mortgage Broker Training Course prior to your test date.
Register at www.AndyGray.com for the 24-hour pre-licensing course.
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Take the test.
The names of applicants eligible for the exam will be transmitted nightly to Pearson Vue testing service. Pearson Vue will mail instructions to the applicant on how to set up an appointment to take the computer-based exam. Only a non-programmable calculator can be taken to the exam.
Testing sites are located in Sarasota, Ft. Myers and Tampa. Out-of-State students can contact the Office of Financial Regulation to see if testing is available in their state. Applicants will have their grade available upon completion of the exam. Only a non-programmable calculator can be taken to the exam.
You have 90 days from the date of application to take the class, have your fingerprint card processed and pass the state test.
For additional information call Sandy Badger, Andy Gray Schools of Real Estate, Inc. at 941-724-0981.
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