CA Safe Prep/MLO


  MLO Overview

In January of 2010, the State began implementing Senate Bill 36, bringing California into conformance with federal law established by the "Secure and Fair Enforcement (S.A.F.E.) for Mortgage Licensing Act of 2008." A key part of the law is the requirement for licensing of mortgage loan originators through the Nationwide Mortgage Licensing System (NMLS).

This new law applies to the following individuals:

1) Individuals licensed under the California Department of Real Estate (salesperson or broker).

2) Individuals licensed under the Department of Corporations (CFL or CRMLA).

California Real Estate Law now requires all real estate licensees who conduct residential MLO activities to apply for and obtain a "license endorsement."

NOTE: DRE licensees are exempt from the 20-hour pre-license education requirement but must still pass the National and State components of the NMLS license examination.

Early feedback on the NMLS licensing examination is that it can be very difficult for the unprepared and the consequences of failing are severe. If you fail one of the test components (either National or State), you must wait 30 calendar days to retake the test. After the fourth failed test, you must wait 180 days to retake. You will also be charged the test fee each time you retake (National Component is $92; State Component is $69).

CA Safe Prep—Price: $149

  MLO/CA Safe Prep: How the Course Works

CA Safe Prep is much more than a bank of sample questions. Our intent with this course is to give you a solid understanding of the subject matter so you can answer variations of questions you may encounter on the state exam. The content of this course was specifically written based on the National and State component outlines provided by the NMLS.

National Component (90 scored test questions - 10 unscored test questions) - Content Outline

CA State Component (50 scored test questions - 10 unscored test questions) - Content Outline


  Course Content

  • Covers both the National and CA State components of the NMLS exam
  • Course content written to NMLS state exam outlines
  • Hundreds of sample questions throughout the course
  • Course ends with comprehensive final briefing examination

    Additional course features include:

  • Study at your own pace
  • Keeps track of your progress
  • Brings you back to where you left off
  • Final briefing examination online
  • Glossary of real estate terms in text and audio
  • Links to mortgage-related web sites
  • Instant graded responses
  • Toll free technical support

    CA Safe Prep—Price: $149


    Please contact Clare Institute @ 619-794-0055 if you have further questions.

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