mortgage license

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Do a need to be a Real state broker to become a mortgage broker?

Jessica · Posted: Wed Aug 10, 2005 9:14 pm Post subject: RE:

Hi Daniela
Welcome to MortgageFit forum.

In most states a mortgage broker cannot perform his activities with a real estate broker's license; he requires a separate license to carry out his activities. But there are also states that don't require a real estate broker to obtain another license for working as a mortgage broker. In such states a real estate broker can negotiate sale and purchase of real estate as well as primary mortgages or subordinate mortgages.

The laws regarding a mortgage broker license vary from one state to another. So if you let us know the state where you wish to work as a mortgage broker, then we can easily provide the exact information regarding the broker license in that state.

Hope this information will fulfill your requirement.

Please feel free to write back with further queries. Also sign up with us at http://www.mortgagefit.com/signup/ to get free advice on any of your queries.

Regards,
Jessica.

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