One of the more interesting jobs around is that of a mortgage broker. A mortgage brokers acts as the intermediary to mediate a lending/borrowing relationship. This means that he helps anyone in the need of money to borrow from financial institutions. The mortgage banker is always in the market looking for a borrower and a lender so he/she can work out some kind of deal. The agreement is not anything like when you are borrowing from a friend, but a lot more complex. It requires the mortgage broker to follow a system and procedures, issued and regulated by the Federal government.

Boom of Florida Economy
You cannot just wake up one morning and say that you are going to become broker for couple of deals today. No one will trust you and no one will want to work with you. You need to get a license, even to think about becoming a mortgage broker. One of the states that have really seen an increase in the number of mortgage brokers is Florida. Real estate over the last 20 years has really picked up that has resulted in more and more people trying to get into related fields. Florida offers great weather, beautiful beaches, an oceanfront, gorgeous people, and an amazing lifestyle. All this attracts people and millions have permanently moved there over the last two decades. The mass migration leads to more economic activity, when the economy is booming, a lot of buying is taking place. This is where Florida mortgage brokers can take advantage of the situation and make a lot of money in a very short period.

Getting a Florida Mortgage License
To become a Florida mortgage broker you need to be a licensed representative. The American Mortgage Licensing issues this license. One of the reasons why so many people are trying to become Florida mortgage brokers is that no prior experience is required. To embark on your career as a mortgage broker in Florida you need to be at least 18 years old. A written exam should be passed after training and classes that you have to pass. The test covers everything related to a couple of broad acts that are a part of the Florida law. Some of them are the Florida Fair Lending Act, Patriot Act and the Florida Mortgage Brokerage and Lending Act. Other than that, all you need are some basic mathematic skills to be able to make calculations.

One of the requirements before being able to take the test is participating and attending 24 hours of classroom lectures that are carried out by school that specializes in the mortgage brokerage. The best way to pass the exam is to study hard on your own time to understand everything. Moreover, if you pass the test you will have a license to become a licensed Florida mortgage broker. The license doesn't give you the power to run around and get involved in fraud and immoral activities, it actually gets you more prone to get caught because after obtaining the license you are officially entered into the FBI database. The application and exam will cost you around $250 but will be well worth the money once you get your license and make thousands off a single deal.