Re-licensed- WHY?????

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Mortgage and Lending with Clifton Financial Services

Re-licensed- WHY?????

After listening on the webinar yesterday, which is a great tool to reach many people at one time, the FAMB announced a re-licensure for Florida Mortgage Brokers. If you are already licensed, why cant we just be grandfathered in, or at least not subjected to the cost involved.  Not only is the 20 hours of classroom time required, but a set of new finger prints yearly, credit checks, and now you must have a High School Diploma, which I totally agree with.  Some of the changes are for the betterment of the profession, but some changes are just going to create chaos.  And for all those who tried to make a profitable investment when the market was good, and it went belly up and got a foreclosure on your credit as a result, your doomed if you want to continue in this profession according to the new regulations FAMB is imposing. Again, I do understand and support some of the changes because it will weed out the people that dont belong in this industry, but for those who are already in the business and have been successful, and  ethical, they should be grandfathered if they do not have a High School Diploma, and this economy has caused many people to suffer in thier credit even though they were trying to do the right thing!  Hopefully the FAMB will take this into consideration.

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