Obtaining a Florida Mortgage Broker License

The Department of Financial Services Requirements:

1.  Contact the Department of Financial Services of 850-410-9500 to obtain an Application and Fingerprint card for licensure as a Mortgage Broker.

2.  Complete and submit your application with the proper fees and completed fingerprint card prior to taking the exam.

3.  Receive a passing score of 75% or greater on the Mortgage Broker Examination within 90 days of the date the license application was reviewed by the Department of Financial Services.

Register and Attend the Agora School of Real Estate Mortgage Broker Course

The 24 hour State Approved Pre-License course will prepare you for the State of Florida Mortgage Broker Examination. You will receive unsurpassed education taught by professional instructors with countless years of experience in the Mortgage Brokerage Industry. The course is exciting, challenging and enjoyable. See our schedule for specific times and dates.

Prepare for the Florida Department of Financial Services Examination

The examination consists of 100 multiple choice questions which is to be completed within 3 hours. A silent, non-programmable, hand-held solar or battery operated calculator is permitted. Examinations are given in Ft. Lauderdale, Orlando, Port St. Lucie, St. Petersburg and Tallahassee on the fourth (4th) Tuesday of each month except November and December - third (3rd) Tuesday of the month. Applications must be received on or before the 15th (or the business day before if the 15th falls on a weekend or holiday) or the month preceding the examination date that you are requesting. You will be notified within 7 days of your examination date.

Understanding the Mortgage Brokerage Industry - What is a Mortgage Broker?

A Mortgage Broker is a professional that brings individuals and Lending Institutions together. Mortgage Brokers work with a variety of lending institutions including banks, savings and loan companies, insurance companies and private investors. Additionally, Mortgage Brokers understand the lending process and many times can find and appropriate loan package suited to an individual's needs.

What are the Benefits of being a Mortgage Broker?

As a Mortgage Broker you can earn percentage points on every loan that you process. Today's technology allows you to process loans in as little as 30 minutes. The demand for financial experts is greater than ever. Furthermore, interest rates have made refinancing very attractive for both residential and commercial Real Estate.

Disclaimer:  At time of print, this information had been thoroughly researched for accuracy to the best of the Agora School of Real Estate's ability.