Someone mentioned T41 endorsement.

Is it true MLS can fine brokers for any of its agents not having a paid REALTOR® endorsement??

@Melanie Johnston thank you for your endorsement! 

Obviously, you must find an insurance agent who communicates well and can explain terms and policies in plain English.You weren’t specific with your question but there are two types of insurance you need, Title Insurance and Property Insurance.For Title Insurance we require a lender's title insurance policy for 125% of the loan amount, a 2006 ALTA policy or 2021 if available, and various endorsements.

I used a house I paid cash for as collateral for a commercial loan in the name of my LLC...but I still had to personally endorse the note so my personal credit was a factor.

I don't like to endorse anyone dropping coverage or enhancements from their policies, but sometimes you don't have a choice. 

It was introduced by our democratic controlled legislature who approached CAR and obtained their endorsement because this will result in many more real estate sales (and commissions). 

So you get potentially more coverage.If the Blanket endorsement is not available in CA, then what he is saying about adding to his policy is correct, each additional insured would have to be an sepparate endorsement to the policy and might be charged for (here it could be $50-$100 each)If you do not require the additional insured status, you should see if the company will notify you of cancellation. 

I am disclosing that I do have a California Department of Real Estate License with a MLO Endorsement.

In California you can hold a loan originator endorsement under the DRE.