Monday, February 8, 2010

California Mortgage Brokers: The Clock is Ticking

As of January 4, 2010 all mortgage brokers who fall under the supervision of the California Department of Corporations are required to take 20 hours of SAFE-approved education by July 31, 2010. So if you do fall under the DOC's supervision, the sandglass has been officially flipped over. Once you have taken your 20 hours of SAFE-approved education you can go and take your state and federal exams.

Please DO NOT FORGET that if you do not pass the exam, you must wait 30 days before retesting. After the third attempt, you must wait 6 months. Make sure you are taking your education from a quality school with high pass rates, from a school like the Praedo Institute. www.praedo.com