Successful completion of three college-level courses is required to qualify for a real estate salesperson examination:
The SAFE Act requires state-licensed mortgage loan originators (MLOs) to complete 20 hours of NMLS approved pre-licensure education courses which include the following:
The pre-licensure education does not need to be completed prior to taking the National SAFE Test with Uniform State Content, but must be completed before an endorsement application is submitted.
The SAFE Act requires all MLOs seeking state-licensure to pass a qualified written test developed by NMLS and administered by Prometric testing centers, not by DRE. Examinations can be scheduled through NMLS or Prometric’s Web Site or by calling Prometric directly after the testing fees have been paid through NMLS.
As required by the SAFE Act, the test is designed to adequately measure an individual's knowledge and comprehension in appropriate areas, including:
Applicants must pass the National SAFE Test with Uniform State Content with a 75 percent or higher.
Applicants are encouraged to start this process as soon as possible in order to successfully complete the National SAFE Test with Uniform State Content. If an applicant does not successfully pass the National SAFE Test with Uniform State Content they are subject to a waiting period of thirty (30) calendar days from the previous test date prior to retaking the test. After every third failed test, the applicant is subject to a waiting period of one hundred eighty (180) calendar days before he or she is able to retake the test.
More testing information, including examination scheduling, MLO Testing Handbook, content outlines, fees, and procedures, is available at: NMLS Testing.
|Here Are Our Recommended Education Sources:
NMLS - APPROVED MORTGAGE LOAN ORIGINATOR EDUCATION
LOAN OFFICER SCHOOL
MEC MORTGAGE EDUCATORS & COMPLIANCE
FOR DISCOUNTED PRICING ENTER: UWMPE
REAL ESTATE EDUCATION
RET- REAL ESTATE TRAINERS
FIRST TUESDAY REAL ESTATE EDUCATORS
FOR DISCOUNTED PRICING GO TO:
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