SPC School Certification #: 803

Mortgage Broker Pre-Licensure
24 Hours

Description
This course prepares participants to pass Florida's state exam for Mortgage Brokers. Section 494.0033 of the Florida Statute states that a person applying for a Mortgage Broker License MUST complete 24 hours of classroom education on primary and subordinate financing transactions and the laws and rules of § 494.001-494.0088, F.S. to be eligible for licensure. You must attend all sessions in order to receive your certificate. There will be no exceptions. Successful completion of the state examination, with a grade of at least 75, depends upon a thorough understanding of state and federal mortgage broker law, current and accepted mortgage principles and technical information basic to the mortgage broker profession. Purchase the workbook at the start of class.  You must also bring a calculator to all class sessions.  There will be an end-of course progress test. A free re-take of the course is offered to any student who fails the state exam.

It is highly recommended that you apply at the start of the class to take the state exam so you do not experience a delay once class is completed. Course completion does not guarantee job placement.  To apply for a Mortgage Broker application, go to the state website: www.dbf.state.fl.us or write for Form DBF-MB101 at the Division of Finance, Fletcher Building (Suite B-23), 101 East Gaines Street, Tallahassee, FL 32399-0350. St. Petersburg College is also an official testing site for the Mortgage Broker State Exam.

Schedule