Bad Credit Mortgage Broker Bonds

Applicants with a low credit score, or public records (Bankruptcy, Liens, Collection, or Civil Judgments) will find a difficult time getting bonded. Bryant Surety Bonds, inc offers a Bad Credit Surety Bond Program that is specially tailored to your needs and can get you approved. This program is available for high risk mortgage brokers.

California Licensure Requirements*

Applicant Requirements:

  • Age: 18
  • State Residency: A non resident is only eligible for licensing in California if the applicants resident state permits residents of California to obtain a real estate license in their state
  • Experience: Must have two years experience as a licensed Real Estate Salesman.
  • Education: Applicant must complete a required pre-licensing course at a accredited institution.
  • Continuing Education: 45 hours of continuing education during a four year licensing period.
  • Examination: The person designated on the license must pass an examination
  • Fitness For Licensure: Applicant, officers and owners with over 10% ownership must demonstrate honesty and truthfulness.
  • Net Worth: No Requirement
  • Surety Bond: No Requirement
  • Background Check: Fingerprints are required.
  • Managing Principal: A corporation may be licensed as a real estate broker through one (or more) of its officers that have qualified for licensure through education and examination. The applicant applying for a designated broker-officer license must hold an officer title in the business entity

State Licensing Fees:

  • Initial Application: $165-225 Licensing Fee
  • Branch Application: No Requirement
  • Renewal Application: $165-225 every four years

Employee Requirements:

  • Age: 18
  • State Residency: A non-resident will only qualify for licensing in California if their resident state permits residents of California to become licensed.
  • Experience: No Requirement
  • Education: Must complete pre-licensing education at an accredited institution.
  • Continuing Education: 45 hours of continuing education in required through the four year licensing period.
  • Examination: Must pass an examination
  • Fitness For Licensure: No Requirement
  • Net Worth: No Requirement
  • Surety Bond: No Requirement
  • Background Check: Fingerprints are required.
  • Managing Principal: No Requirement
  • Exemptions: No Requirement
  • Licensing Fee: $120-170
  • Renewal Fee: $120-170

Branch Offices:

  • In State Requirements: A License is required for in-state offices.
  • Licensure Requirements: A license is required for each branch office.
  • Branch Manager: No Requirement

Exemptions:

  • Entities: Regulated financials institutions, insurance companies, lawyers, securities broker-dealers, and consumer loan companies.
  • Safe Harbor: None.

*Information for state licensing is provided as a guide, always verify with the state that the information is correct.

How to apply:

1.) Visit the commercial application page.
2.) Complete our online application.