Florida Mortgage Broker School


We here at the Florida Mortgage Broker School want to say "Thank You" in advance for taking your continuing education with our school. 
Many of you  have asked when must I complete this required education.  Please see the chart below for help.

OptionsYour StatusHow Am I Paid?Course Required
I
I work for a Mortgage Business.
1099 (Independent Contractor) or
W-2 (Employee).
14 hr. completed by 8/31/09
II
I work for a Correspondent  Lender.
1099 (Independent Contractor)
(I have an Associate Broker License).
14 hr. completed by 8/31/09
III
I work for a Correspondent  Lender.
W-2 (Employee)
I do NOT have a Associate Broker License.
14 hr. completed by 8/31/08
IV
I work for a Mortgage Lender.
1099 (Independent Contractor)
(I have a Associate Broker License).
14 hr. completed by 8/31/09
V
I work for a Mortgage Lender.
W-2 (Employee)
(I do NOT have an associate Broker License).
14 hr. completed by 8/31/08
You have 4 methods to satisfy this requirement:

Method 1:
    $39.95 Internet (www.brokerschool.com)
Method 2:
    $39.95 Call us and we will send you a text book 1-800-735-8565.
Method 3:
    $100.00 Attend one of our live classes. (See the schedule of courses at www.brokerschool.com for dates.)
Once your payment has been processed you will receive a completion certificate via us mail or fax (if present).

What should I do with the Continuing Education Completion Certificate that you send me?

1) If YOU have an associate broker license and work at a mortgage brokerage business (Option I).
OR
You have an associate broker license and work at a correspondent lender or mortgage lender as an independent contractor (1099), you are in option (Option II or IV).
Then YOU must retain the original in your records and certify to the state with the renewal of your license that you have completed this course. You must retain this certificate for four years.
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2) If YOU work for a correspondent lender or mortgage lender as an Employee (W-2) then see chart reference Option III or V. Once you receive the original completion certificate, you must give it to the principal of your company. They will certify to the state, with the renewal for the business license, that you have completed the continuing education requirement. The principal of the business is required to retain this certificate for four years after completion. Please make a copy of the original certificate for your records.
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The state will audit approximately 10% of licensees for compliance. Penalty for misrepresentation of continuing education is a $1000.00 fine and revocation of license.

Florida Mortgage Broker School
P.O. Box 24202
Tampa, Florida 33623

Voice # 1-800-735-8565
Fax # 1-813-885-6931
Website www.brokerschool.com