Required State License(s):

There is no state license unless the individual or business is brokering:
1) Real estate mortgages: See "Mortgage Broker.
2) Investments rather than loans (the distinction may require professional advice) -- requires an Investment Advisor license from Office of Financial and Insurance Regulation, Department of Licensing and Regulatory Affairs at 1- 877-999-6442 or visit the website at: www.michigan.gov/ofir.

Revised: 5/22/09