Safe MLO Exam

When I got into the insurance business I noticed that there was a lot of not needed nonsense in the business.A ridiculous hurry up and wait process for business insurance filled with trick questions to keep people that actually run a real business from obtaining a policy.

Fast forward to the mortgage broker exam. Filled with not needed jargon to keep people out of the mortgage broker business. 

The mortgage business has it's own complete entire language and terms that you must learn before you can enter it. The exam has a 69% fail rate on it's first attempt. The state wants 3500 from you to get your company legal with all of it's fees etc. And Missouri and it's "continuing education" it's a cash grab and a serious joke as far as legitimacy. 

In my opinion, the beaurocracy of these federal regulate industries has not done any favors to the regular customer. 

Look at the Bill Clinton era where anyone could get a home loan and all the red tape was removed.  That's what caused the housing bubble in 08.

As frustrating as it is. I am stuck doing something I swore I would not do again, which is waste my time learning an industry that is a time thief if the companies you depend on to do their job. Which is to write insurance or give customers loans.