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Detailed career path guide: how much do Brokers make, what skills they need, how they begin their career ( Careers) Finance (62 Careers) Information. Pre-Licensing Education, or New-License Education, is the regulatory education required by each state for getting your Mortgage Loan Originator (MLO) license. To earn your California Broker License, you must first have an active California Salesperson License and two years of full-time experience as a real estate.