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Updated about 3 hours ago on . Most recent reply
#1 Innovative Strategies Contributor
- Lender
- The Woodlands, TX
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COMMERCIAL Mortgage Broker Licensing Requirements by State
#1 Innovative Strategies Contributor
- Lender
- The Woodlands, TX
There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages. Here is a list of states divided into three categories, based on my internet research. If you have any corrections to make please let us know.
States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate nor a loan secured by non owner occupied residential real estate
ALASKA
ARKANSAS
COLORADO
CONNECTICUT
DC
DELAWARE
FLORIDA
GEORGIA
HAWAII
IOWA
INDIANA
KANSAS
KENTUCKY
INDIANA
KANSAS
LOUISIANA
MASS
MARYLAND
MAINE
MISSOURI
MISSISSIPPI
MONTANA
NORTH CAROLINA
NEBRASKA
NEW HAMPSHIRE
NEW MEXICO
OHIO
OKLAHOMA
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
TENNESSEE
TEXAS
WASHINGTON
WISCONSIN
WEST VIRGINIA
States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate but DO require licensing for a loan secured by non owner occupied residential real estate
IDAHO
MINNESOTA
OREGON
UTAH
VIRGINIA
States that DO require licensing for both residential and commercial real estate loan origination and brokering
ARIZONA
CALIFORNIA
ILLINOIS
MICHIGAN
NEW YORK
NORTH DAKOTA
NEW JERSEY
NEVADA
SOUTH DAKOTA
- Don Konipol
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#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
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#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Quote from @Don Konipol:
There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages. Here is a list of states divided into three categories, based on my internet research. If you have any corrections to make please let us know.
States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate nor a loan secured by non owner occupied residential real estate
ALASKA
ARKANSAS
COLORADO
CONNECTICUT
DC
DELAWARE
FLORIDA
GEORGIA
HAWAII
IOWA
INDIANA
KANSAS
KENTUCKY
INDIANA
KANSAS
LOUISIANA
MASS
MARYLAND
MAINE
MISSOURI
MISSISSIPPI
MONTANA
NORTH CAROLINA
NEBRASKA
NEW HAMPSHIRE
NEW MEXICO
OHIO
OKLAHOMA
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
TENNESSEE
TEXAS
WASHINGTON
WISCONSIN
WEST VIRGINIA
States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate but DO require licensing for a loan secured by non owner occupied residential real estate
IDAHO
MINNESOTA
OREGON
UTAH
VIRGINIA
States that DO require licensing for both residential and commercial real estate loan origination and brokering
ARIZONA
CALIFORNIA
ILLINOIS
MICHIGAN
NEW YORK
NORTH DAKOTA
NEW JERSEY
NEVADA
SOUTH DAKOTA
Good list Don.
One thing I notice is so many lenders say they are located in Las Vegas. And a quick search U find they have no license so you know they are fakes without going any further..
Will Add in CA there are 3 ways to do the Private loans.. CA RE Broker ( which I have) standard state MLO and NMLS and Consumer finance license.
- Jay Hinrichs
- Podcast Guest on Show #222
