COMMERCIAL Mortgage Broker Licensing Requirements by State

[Don Konipol]

There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages.  Here is a list of states divided into three categories, based on my internet research.  If you have any corrections to make please let us know. 

States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate nor a loan secured by non owner occupied residential real estate

ALASKA 

ARKANSAS 

COLORADO 

CONNECTICUT 

DC

DELAWARE 

FLORIDA 

GEORGIA

HAWAII

IOWA

INDIANA

KANSAS 

KENTUCKY 

INDIANA

KANSAS 
LOUISIANA

MASS

MARYLAND 

MAINE

MISSOURI 

MISSISSIPPI 

MONTANA

NORTH CAROLINA 

NEBRASKA

NEW HAMPSHIRE 

NEW MEXICO 

OHIO

OKLAHOMA 

PENNSYLVANIA 

RHODE ISLAND 

SOUTH CAROLINA 

TENNESSEE 

TEXAS 

WASHINGTON 

WISCONSIN

WEST VIRGINIA

States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate but DO require licensing for a loan secured by non owner occupied residential real estate

IDAHO 

MINNESOTA 

OREGON 

UTAH 

VIRGINIA

States that DO require licensing for both residential and commercial real estate loan origination and brokering

ARIZONA

CALIFORNIA

ILLINOIS 

MICHIGAN

NEW YORK 

NORTH DAKOTA 

NEW JERSEY 

NEVADA

SOUTH DAKOTA

[Jay Hinrichs]

Quote from @Don Konipol:

There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages.  Here is a list of states divided into three categories, based on my internet research.  If you have any corrections to make please let us know. 

States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate nor a loan secured by non owner occupied residential real estate

ALASKA 

ARKANSAS 

COLORADO 

CONNECTICUT 

DC

DELAWARE 

FLORIDA 

GEORGIA

HAWAII

IOWA

INDIANA

KANSAS 

KENTUCKY 

INDIANA

KANSAS 
LOUISIANA

MASS

MARYLAND 

MAINE

MISSOURI 

MISSISSIPPI 

MONTANA

NORTH CAROLINA 

NEBRASKA

NEW HAMPSHIRE 

NEW MEXICO 

OHIO

OKLAHOMA 

PENNSYLVANIA 

RHODE ISLAND 

SOUTH CAROLINA 

TENNESSEE 

TEXAS 

WASHINGTON 

WISCONSIN

WEST VIRGINIA

States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate but DO require licensing for a loan secured by non owner occupied residential real estate

IDAHO 

MINNESOTA 

OREGON 

UTAH 

VIRGINIA

States that DO require licensing for both residential and commercial real estate loan origination and brokering

ARIZONA

CALIFORNIA

ILLINOIS 

MICHIGAN

NEW YORK 

NORTH DAKOTA 

NEW JERSEY 

NEVADA

SOUTH DAKOTA

Good list Don.

One thing I notice is so many lenders say they are located in Las Vegas. And a quick search U find they have no license so you know they are fakes without going any further..

Will Add in CA  there are 3 ways to do the Private loans..  CA RE Broker ( which I have) standard state MLO and NMLS  and Consumer finance license.