Mortgage Broker License Information

Office of Financial Regulation
200 East Gaines Street
Tallahassee , FL 32399-0375
Phone: 850.410.9895 MORTGAGE BROKER APPLICATION ON LINE   www.fldfs.com/ofr/licensing/

Choose "Forms and Instructions", then "Mortgage Brokering and Lending". This provides the applicant with a customized form that includes computer-scannable bar codes that result in expedited processing.

Application Fee: $233.00 - finger print card is sent within 7-10 days

CUT OFF DATE FOR TEST ELIGIBILITY
In order to be sure you have an opportunity to take the exam the following month, applications must be RECEIVED by the Office of Financial Regulation in Tallahassee on or before the 15 th day of the month, PRECEDING the month for which the candidate wishes to be scheduled to take the examination. If the 15 th falls on Saturday or Sunday, the date on the FRIDAY before the weekend shall prevail.

CHECK APPLICATION STATUS BY INTERNET ACCESS

www.fldfs.com/ofr/licensing/, point to ONE LINE LICENSING SERVICES; click on Mortgage Brokers and Finance-Check Application Status. Enter your social security number to access your records.

Class dates for 2006
February 17 - 19, April 21 -23, July 21 -23, August 18 - 20
Friday: 1-6pm - Sat & Sun 9 - 6pm ( 1 hour lunch)
Class Price: $279.00

Pursuant to Section 494.0033, Florida Statutes, a person applying for a mortgage broker license must complete twenty-four (24) hour of classroom education on primary and subordinate financing transaction and the laws an rules of SS. 494.001-494.0077, F.S. to be eligible for licensure.

TEST INFORMATION / DATE & TIME

Applicant's must pass the test within (90) days from the date of the Office's review of their application. The test is normally held on the 4 th Tuesday, Wednesday or Thursday of the month. Test candidates will be informed of their test date, test location and their test starting time in a separate notification letter. Please do not phone the Office about your notification letter, unless it has NOT been received within seven days of the test date. The test site selected for you may NOT necessarily be the one nearest to your home.

Test Sites:

Ft. Lauderdale - Broward Community College at FAU Orlando - Valencia Community College

Port St. Lucie - Florida Atlantic University

Test candidates will only be admitted to the test site and test time where they be been assigned. Changes in test site or test time should be requested in writing with your application, or at least three weeks prior to the date of the test. Requests for test site change will be approved on a space available basis only. Test sites indicated on the website are tentative and are not firm. In addition, any test site changes approve by the Office will NOT be reflected on the website. (FAX such requests to 850.410.9279)

THE TEST

The mortgage broker examination consists of one hundred (100) multiple choice questions. A scale score of seventy-five (75) or more is required to pass the examination. Candidates are given three (3) hours to complete the examination. We offer a one time re-take of the class if you fail the exam. You are responsible to check the schedule to determine if you are within the 90 day application period. If you should fail, your 90 days may expire before you can retake the course.

Individual score reports will be mailed to candidates within ten (10) business days following the examination. In addition, the grades will be posted on the Office's website. Test candidates may access their test score by checking their application status on the internet.

Candidates who do not achieve a passing score will automatically be rescheduled for the next test, provided the next test date occurs within their (90) ninety-day application period.

TESTEMONIALS

You will be happy to know that Mike Rice introduced me to a BNI group in Jupiter and I am now a member. I have grown to appriciate and really look up to Mike as a business professional!  I am so glad we all had the opportunity to meet and I wish you continued success at PBSRE!

Thanks again for your great teachings and I look forward to hearing from you sometime!

Sincerely,
Denise VanSon

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November 25, 2005

I want to tell you what a positive experience I had attending your Mortgage Broker Class on November 11 - 13.

My first contact with the school was Cyndie. She was so very helpful, answered many questions, a great representative for you. In addition, the materials she sent me were very professional.

Mike Rice was the teacher. He made 24 hours of class time interesting, fun and so extremely informative. His experience in the industry, and his professional insights, put such a practical spin on Florida law, Fannie, Freddie, forms, etc. He was a delight!

Thanks to Mike and the Palm Beach School of Real Estate, I got a very high score on the state test. Warmest wishes to all!!

Kitty Deary
Dearie Mortgage Group, Inc.
www.deariemortgagegroup.com