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You do not need a college degree to get a mortgage broker license, however, the process you must go through is tedious. A mortgage broker must have a broad and extensive knowledge of local laws and a relationship with several financial institutions in order to serve several different areas and clients. Although you may not need a college degree, it's advised that you have a bit of legal experience with real estate.

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Q: Do I need a college degree to get a mortgage broker license?
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What degree to take to become a floor broker?

A college degree is not required to become a broker, all that is needed is a license from the FINRA. In order to obtain a license you must take and pass the Series 7 exam, which requires sponsorship from a member firm of the FINRA. A passing grade of 70 or higher is required for you to get your license. Although most small firms do not require a college degree to obtain sponsorship or to work for them, it is definitely preferred. But as long as you show them that you have experience in sales, excellent people skills, and a desire to succeed they will be willing to invest in you as a broker so that you can obtain your license. The question in specifically applies to the title of floor broker, which is considered an experienced position that in the world of stockbrokers. Floor brokers work on the trading floor of the NYSE, and play an important role in the determination of stock prices. This type of position will most likely require years of experience as a broker and a college degree. I recommend you major in finance and possibly even consider earning an MBA. The floor broker position is most likely in high demand, with lots of applicants who have advanced degrees and tons of experience. The median annual income is around $80K, which pretty much tells you that it is a position that requires some experience at the least. Study hard and do some internships at investment banks and you should have no problem.


What degrees do you need to become a stockbroker?

you dont need a degree to be a broker, you need to have a series 7. degree in finance and economic will help.


What does first generation refer to in terms of financial aid?

It means you will be the first generation in your family to earn a college degree. So if neither your parents or grandparents have a college degree, you would be a first generation college student.


What is one advantage of getting a government-sponsored mortgage instead of a conventional mortgage?

The lender would see a government sponsored mortgage as less risky and give a lower interest rate due to that reduced risk. The degree of risk and rate reduction would depend on the specifics of the government's sponsorship.


How difficult is it to get a flexible mortgage?

The difficulty of getting a flexible mortgage depends on your own personal circumstances. A degree of extra security is required to meet terms and conditions so that you can prove you can make the flexibility of payments. Not difficult if you fit the criteria.

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You must obtain license 7. Obtaining an college degree or MBA is a plus.


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I have a degree in Business Adm. from Temple Univ. I have been out of school for 30 years. What do I need to do to become a mortgage broker Thank you.?

You can start your activities as a mortgage broker by going and applying to a mortgage brokerage firm.try to find one nearby your city.Many firms offer technical trainings and conduct exams.trainings are often free of costs .


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A college degree and a State license.


What degree to take to become a floor broker?

A college degree is not required to become a broker, all that is needed is a license from the FINRA. In order to obtain a license you must take and pass the Series 7 exam, which requires sponsorship from a member firm of the FINRA. A passing grade of 70 or higher is required for you to get your license. Although most small firms do not require a college degree to obtain sponsorship or to work for them, it is definitely preferred. But as long as you show them that you have experience in sales, excellent people skills, and a desire to succeed they will be willing to invest in you as a broker so that you can obtain your license. The question in specifically applies to the title of floor broker, which is considered an experienced position that in the world of stockbrokers. Floor brokers work on the trading floor of the NYSE, and play an important role in the determination of stock prices. This type of position will most likely require years of experience as a broker and a college degree. I recommend you major in finance and possibly even consider earning an MBA. The floor broker position is most likely in high demand, with lots of applicants who have advanced degrees and tons of experience. The median annual income is around $80K, which pretty much tells you that it is a position that requires some experience at the least. Study hard and do some internships at investment banks and you should have no problem.


What kind of licensing is required to be a stock bond broker?

NASD Series 7 license is required to trade stock. Some states also require NASD series 63 and 65 to be investment advisors. A college degree in not mandatory but it helps!


Need college degree to cut hair?

No just cosmetology school to get the license.


What degree to become a broker in Real Estate?

High School diploma is the minimum requirement to become a real estate broker. But you can also have an option to choose and earn a bachelor's degree in finance. But to get a license it is required for most state to get a post secondary course in finance or real estate.


Where could I attend training to be a stock broker in PA?

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State license required after passing exam


What is the difference between a license and a certificate in a degree form?

A license and a certificate are not related to a degree. A college confers a degree after the completion of a set course of study in a particular subject, but you can get a license without a degree. A hairdresser has a license to cut or fix hair, but they do not have a degree. A certificate shows a completion of a course of study in a very narrow area, but not on the college level. I may take a class in basket weaving for 3 weeks and get a certificate showing I learned something about basket weaving, but it doesn't make me an expert or able to teach it.