Broker Licensing Requirements

The requirements can vary by state, but generally one must be at least 18 years old, have a high school diploma or equivalent, complete pre-licensure education courses and pass an exam. They also typically need to go through a background check and demonstrate financial responsibility.

Most states require completion of certain pre-licensure educational courses that cover the laws, regulations and ethics in relation to mortgage brokering. After this, you will need to pass a licensing exam. Some states may also require continuing education courses to maintain licensure.

Yes, many states require ongoing professional development or continuing education courses each year in order to renew your license. Its also important to follow all state laws and regulations related to mortgage brokering in order to avoid penalties or loss of licensure.