A Mortgage Broker-dealer whose business is limited exclusively to effecting transactions with financial institutions [as defined in section 11-51-201(6), C.R.S.] is exempt from the licensing requirements of section 11-51-401(1), C.R.S. When applying for a Mortgage Broker/Dealer and/or Sales Representative license(s) file the following. Refer to the Fee Schedule for appropriate fee requirements for ..