Florida Mortgage Broker School
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Thousands of our students have gained the knowledge necessary to obtain a mortgage broker license in Florida.

We hold classes in nine locations covering all of Florida.

You can attend our classes any number of times without paying any additional charges.

We have created additional tools such as audio cassette and video tapes to assure your full knowledge of the information presented in our live classes.

Click here for the easy way to learn!

You can register today by dialing: 1-800-735-8565

State Website
Apply for state exam.
You may view Florida statutes, applicable Administrative Rules and Division of Finance licensing procedures on the internet by clicking above.

Click for Registration Form!
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Common Questions

Part 1- Getting Started

  • Q. What do I do to get enrolled for the class and the state exam?
  • A. It's easy,#1- call us toll free at (800) 735-8565 or in Tampa at (813) 886-8565, #2- call the state at (850) 410-9895 and ask for an application to take the EXAM!

Part 2- Tell Me More About The Course

  • Q. Where, when and how long is it?
  • A. Statewide, once per month and 24 hours, Fri. 6:30pm-10:30pm, Sat. 8am-6pm, Sun. 8am-6pm.
  • Q. What's covered in the class?
  • A. Florida Statute 494 & Federal Laws, Fannie Mae Underwriting Guidelines, Real Estate and Math.
  • Q. What is the cost?
  • A. Tampa Classes: $195; All Other Cities: $225
  • Q. What does that include?
  • A. All the books, all questions, all materials, FREE AUDIO CD, in other words...everything.

Part 3- State Exam

  • Q. When is it given?
  • A. The 4th Tues.of each month. (3rd Tues.-Nov & Dec, 2002)
  • Q. Where is it given?
  • A. Tallahassee, St. Pete, Port St. Lucie, Orlando, Ft. Lauderdale, Ft. Myers, Jacksoneville.
  • Q. When does the state application need to be in their hands?
  • Q. Can I submit the state application before I take your class?
  • A. Yes, and you should. (see below)
  • A. On or before the 15th day of the month preceding the month for which you wish to be scheduled to take the exam.
  • Q. What's on the State Exam?
  • A. Florida Statute 494 and Federal Laws 25%, Fannie Mae Guidelines 35%, Real Estate 35%, Math 5%. The state will send you a test outline, READ IT!
  • Q. How many questions?
  • A. 100 (All multiple choice, each worth 1 pt.)
  • Q. What's passing?
  • A. 75%
  • Q. What if I fail or do not take the exam?
  • A. You will automatically be rescheduled for the following month (you get 90 days from the time the state REVIEWS your application).
  • Q. When will I receive the license after I pass the test?
  • A. Approximately 2-3 weeks.
  • Q. When and how will I get my results?
  • A. Approximately 1 week after the test, by mail.

Part 4- License Questions

  • Q. Why should I get a license?
  • A. In Florida, those persons who arrange loans tied to real estate with another's money must be licensed to be paid. Also, to be paid a referral fee, finders fee, bird dog fee, etc., you must be licensed otherwise it's a kickback.
  • Q. Once I am licensed, what must I do to be paid?
  • A. As an "Associate" Broker you must place your Associate license with a licensed mortgage broker business office. (It's just like a real estate salesperson who works for a real estate broker)
  • Q. Can I take the class and/or exam without knowing where I am going to place my license?
  • A. Yes!
  • Q. Is this class approved for Real Estate Continuing Education & CPA's/Certified Financial Planners?
  • A. Yes...11 hr. R.E./ 24 hr. CPA's & CFP's.

The Four License Categories Under the Mortgage and Lending Act    (Effective Date 10-1-91)

Chapter 494, FL Mortgage Brokerage & Lending Act

Mortgage Broker (Individual Persons)

Mortgage Broker Business

Correspondent Mortgage Lender

Mortgage Lender

License Fee

$223

$425

$500

$575

Net Worth Requirements

None

None

$25,000

$250,000

Surety Bond

N/A

N/A

$10,000

$10,000

Permitted To:

Broker Mortgages Thru a properly Licensed MB Business

Broker Mortgages

Make Loans Service Loans up to 4 months

Make Loans Service Loans Indefinitely

Renewal Period

August 31st Odd Years

August 31st Even Years

August 31st Even Years

August 31st Even Years

Renewal Fees Main Offices

$150

$375

$475

$575

Renewal Fees Branch Offices

N/A

$225

$325

$325

Late Renewal Fees

Up to Two Years $100 Fee

Up to Six Months $100 Fee

Up to Six Months $100 Fee

Up to Six Months $100 Fee

Misc.

Can Only Work For One Business

Must Have Qualified Principal Mortgage Broker

The Principal Representative must complete required 24 Hour Course and pass the same test.

Other

24 hrs schooling required; must pass state test

Can't use a "National", "Federal", or "United States" in name.

Can't use a "National", "Federal", or "United States" in name.

Can't use a "National", "Federal", or "United States" in name.

Principal Representative Must Hold Associate Broker License For 1 Year.
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