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The Nevada Mortgage Lending Division requires 10 hours of continuing
education to renew the Nevada Mortgage Agent License.
Key Realty School offers the 10 hour
continuing education requirement through its Real Estate Finance
course work. The most popular way to
complete the Mortgage Agent 10 hour renewal course work is by
correspondence. This course work involves a magazine text and a
course workbook to aid a student in understanding the text. A student
would study the workbook, which breaks down the content of the
national magazine. As soon as the student feels confident with
the material presented in the workbook, the student can take the
completion quiz through the internet, by fax or in person. The
completion quiz allows Key
Realty
School
to provide the student with the required completion certificate of
education. (If the student fails the quiz, the student may take the
quiz over at no additional cost) Use this link for additional
information about testing with Key
Realty School:
Certificate Testing with Key
Realty School
Courses Completed On And After June 1, 2009 (“New” Rules of T002-09):
Key Realty
School has developed a new 10
Hour MA CE Pack that is specifically designed to comply with the
"New" MLD continuing education requirements. This package
will included courses that will meet the
designated topic fields required. (See the designated topic fields
below to review which courses will be used to complete specific
designation requirements)
·
Under the “new” rules of T002-09, in order to
renew their
license, licensees are required to complete 10 hours of certified
courses of continuing education in the 12-month period immediately
preceding the date on which the license expires. In other words,
hours of continuing education completed in excess of 10 hours may not
be carried forward.
·
Of the 10 hours of certified courses of continuing education,
licensees must complete:
-
3 hours of federal law and regulations (The Key Course Fair Housing
will be used to meet this designation. The Fair Housing course is
included in the "New" 10 Hour MA CE Pack)
-
2 hours of Nevada
law and regulations (The Key Course Foreclosures will be used to meet
this designation. The Foreclosure course is included in the
"New" 10 Hour MA CE Pack)
-
2 hours of professional ethics at least every other year,
which shall include instruction on fraud, consumer protection and
fair lending issues (The Key Course Business Ethics will be used to
meet this designation. Business Ethics course is included in the
"New" 10 Hour MA CE Pack)
-
2 hours of training related to subprime
lending and other non-traditional mortgage products, commercial
lending or private investor loans (The Key Course Reverse Mortgages
will be used to meet this designation. The Reverse Mortgage course is
included in the "New" 10 Hour MA CE Pack)
·
Licensees may not complete the same approved course in the
same or successive year to meet the annual requirements for
continuing education unless the course material has been updated from
the prior year and approved by the Division.
The
Key Realty School
10 Hour Mortgage Agent renewal pack includes everything the renewing
licensee needs to comply with the new Mortgage Lending Division CE
standards requirement. The package automatically includes all required
topics.
Students can now test
online and print their own certificates!
Click here for
more information about Testing with Key Realty School
What are the
educational requirements for mortgage brokers and mortgage agents to
renew their licenses?
Mortgage broker licenses expire annually
on June 30. Renewals must be submitted to the Division annually by
May 31. NRS
645B.051 requires the broker to provide satisfactory proof at
renewal that the licensee attended at least 10 hours of certified courses of
continuing education during the 12 months immediately preceding
the date on which the license expires. For purposes of NRS 645B.051
the term “licensee” includes the
qualified employee and/or any owner or officer conducting business on behalf
of the licensee in Nevada.
A mortgage agent license issued pursuant to NRS
645B.410 expires 1 year after the date the license is issued.
Individual agent renewal dates may be verified in the mortgage agent search
section of our website. NRS 645B.430 requires the agent to
provide satisfactory proof at renewal that the agent attended at
least 10 hours of certified
courses of continuing education during the 12 months immediately
preceding the date on which the license expires.
The
tuition for the "New" 10 Hour Mortgage Agent Continuing
Education course is: $90
Students
may enroll in the Mortgage Agent CE course work by any of the
following methods: (course materials are sent at by email as PDF
files or by UPS for a $5 shipping fee)
Online: http://www.keyrealtyschool.com/OnlineOrder.html
Phone: 800 472 3893 or
702 313 7000
In Person: http://www.keyrealtyschool.com/directions.html
Nevada Mortgage
Education for Professionals Needing License Renewal
Key Realty School offers current
mortgage brokers the continuing education they need to keep up their
certification. Our continuing education for mortgage brokers is
recognized throughout the state of Nevada and meets all the state
requirements.
All
mortgage training courses are based off a curriculum that is kept
up-to-date with the current market, so students can always be
confident about receiving the latest information in their education.
The majority of our students who take this course do so through
correspondence. This allows professionals to conveniently study from
their homes or offices while still fulfilling the state requirements
for mortgage broker continuing education.
If
you have any general questions about our mortgage training or about a
mortgage broker license, take a look at our FAQ page. There, you'll
find all the requirements and state laws governing a mortgage broker.
Everything on our FAQ page is current, useful information for both
experienced professionals and those new to the field.
You
can learn more about our mortgage broker continuing education courses
by calling us at 800-472-3893. One of our knowledgeable staff members
will be more than happy to provide you with information about the
course as well as get your enrollment process started. You can also
contact us through email at KeyRealtySchool@yahoo.com.
No matter which way you prefer to communicate with us, we'll respond
to your request in a timely manner with the information you need.
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