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How do I become a licensed mortgage broker?

Browse NMLS approved mortgage loan officer training courses to become a licensed mortgage broker. Choose national level or state-specific required mortgage classes, pre-license or exam prep to start your new career, or renew your license with continuing education classes.

Do you need a college degree to become a mortgage broker?

As previously mentioned, you don’t need a college degree to become a mortgage broker. However, all 50 states require you to have at least a high school diploma to qualify. Otherwise, you need to pass the General Educational Development Test (GED). You’ll earn your GED credential by getting a score of 145 in its four exams.

How long does it take to get a mortgage broker license?

To get a mortgage broker license, you need to complete 20 hours of pre-licensing – mortgage broker license course approved by NMLSR. The national exam consists of 100 questions. Any states that require a state test will have exams with approximately 50 questions.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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