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Can a Mortgage Brokerage hire Mortgage Agents, if both the Mortgage Brokerage and Principal Broker are licensed?

April 26, 2017agents broker brokerage hire licensed mortgage Principal

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Can a Mortgage Brokerage hire Mortgage Agents, if both the Mortgage Brokerage and Principal Broker are licensed?

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Yes, the Mortgage Brokerage can hire Mortgage Agents. However, the Mortgage Agents must be licensed with FSCO before they can conduct mortgage brokering business on behalf of the Mortgage Brokerage.