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crbuck · Joined: 20 Oct 2009 Posts: 1 1.25 Dollars($)

Does the FHA and USDA have eligibility requirements for mortgage brokers, to insure their knowledge and fair business practices.

thewretched02 · Joined: 23 Jun 2009 Posts: 115 23.92 Dollars($)

While I can't say for certain, I'd be very surprised if there wasn't some dort of legal or technical certification process you need to go through before you can be considered a broker.

There will always be people that call themselves brokers without having any official training or qualifications, and as always it's up to the customer to check someones credentials before trusting their opinions, but if they are a legit broker they would almost certainly need to be part of a coproate body or subject to a regulatory authourity of some kind.

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Broker requirements