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The broker exam is designed to gauge one’s knowledge of real estate broker practice. Real estate professionals (particularly agents or salespersons) who wish to be licensed brokers and have the option of managing their own firms must take a broker licensing exam. To learn more, read The Guide to Real Estate Broker Exams.
National Loan Originator Education Classes. Champions School of Real Estate Now Offers Loan Originator Education Nationwide! Based out of Texas, Champions School of Real Estate offers Loan Originator Pre-Licensing and Continuing Education courses for states that do not have state-specific course requirements.
Texas: 2019 NMLS Mortgage Exam Prep Courses. Ready to get Licensed and be recognized by the state of Texas and the NMLS? Here are the courses you will need to prepare for the National SAFE Act Exam and become a licensed mortgage loan originator in Texas.
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Broker cannot make mortgage loans or commitments, can furnish a lock-in rate and program on behalf of the lender if there is a written commitment from lender on behalf of the borrower for the loan. GFE signed and dated by the borrower, any excess of the actual cost must be returned within 60 days for withdrawl or closing.
· Real estate license reciprocity means that there is an agreement between the states to accept the license of an agent from another state without the need to retake the exam or re-apply for a license. Find out more about real estate license reciprocity and state agreements before taking your prelicensing courses.