If you are licensed under the BRE, you can originate loans as well as list and sell real estate, perform property management, service loans, etc. If, however, you are originating 1-4 residential loans, you must also have the federal NMLS endorsement. Therefor you would have two separate identifying number ( your BRE number and your NMLS number). There are various forms (i.e. the MLDS and the 1003) and in advertising and on your business card where the NMLS number, AND THE BRE number must appear. What a lot of people miss is that if you have an NMLS number and you are engaging in Real Estate listings transaction forms. I kid you not! A broker in San Francisco recently cited for this in an audit and the BRE has the right to “fine” the miscreant $2500 for the omission. (See below for more on the new fines being levied)
B&P 10140.6 (b) (1) A real estate licensee shall disclose his or her license identification number and, if that licensee is a mortgage loan originator, the unique identifier assigned to that licensee by the Nationwide materials intended to be the first point of contact with consumers and on real property purchase agreements when acting as an agreement when acting as an agent in those transactions.
Thanks to Pamela J. Strickland for this article.