[Celisse]

Does anyone know if you need to be licensed in California as a mortgage or real estate or cash note broker? If so, what are the specifics I'd need to do for all of that? Please only answer if you are experienced with this...specifically, what if you broker cashflow notes, like annuities, settlements, lottery winnings, etc?

[Roy]

I am a California attorney and real estate broker .The answer is yes to all of the above if you are going to be representing persons to obtain a loan. If you are lending your own funds you can do so without a license within certain parameters. To obtain loans on behalf of others without a proper license will be a violation of the California Business and Professions Code governing that activity. You should check with the California Department of Real Estate for specifics. You can go to it's website to get the details.Hope this helps.