Final answer:
To become a mortgage broker, an individual must pay an application fee, pass a certification examination, and submit a surety bond. Providing recent credit reports is not typically required.
Step-by-step explanation:
To become a mortgage broker, an individual must do all of the following except:
a. Pay an application fee. This is a common requirement when applying for a mortgage broker license.
b. Pass a certification examination. Mortgage brokers often need to pass an exam to demonstrate their knowledge and competence in the field.
c. Submit a surety bond. A surety bond is a type of insurance that protects clients in case the mortgage broker engages in unethical or illegal activities.
d. Provide recent credit reports. This is not typically required to become a mortgage broker, as it is more relevant for borrowers seeking a loan from a bank or financial institution.