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brycetimpson
15 Posts |
 Posted - 07/02/2009 : 2:00:45 PM
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| Do you need a license if you work for a broker in California. |
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slants
4978 Posts |
Posted - 07/04/2009 : 10:52:25 AM
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| Yes, all CA LO's must have a RE Sales license - the same license a realtor holds. You can engage in both RE sales and loan origination under the same DRE license (only state where that's the case) http://www.dre.ca.gov/. No individual license is required if you work under a corporate umbrella license with a Cal Finance Lender Licensee under the Dept of Corporations and not the Dept of RE; however, you will have access to very few lenders because most lenders will not approve CFL licensees. |
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rainmand
5185 Posts |
Posted - 07/05/2009 : 08:01:51 AM
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| and the third option is originating for a Federally Chartered bank - a license isn't required. |
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