West Virginia License Law
A West Virginia real estate licensee who wants to provide mortgage brokerage services in addition to real estate brokerage services must:
ASimply disclose the dual practice to their sponsoring broker
BObtain a separate mortgage loan originator (MLO) license under federal and state law✓ Correct
CHave the WVREC issue a combined license
DSimply advertise themselves as a one-stop real estate and mortgage professional
Explanation
Mortgage loan originators in West Virginia must be licensed under the federal Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) and obtain an MLO license. A real estate license does not authorize mortgage brokerage activities.
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