I am looking to get into the business and I would like to hear only from people who are already in the business and or people who have tried and failed. I think if i became an agent I would be fairly successful but want to know the ins and outs.
Also i want to know what is the difference between broker and for a mortgage company, if they're different wich one is better to work with.
2006-07-12 14:52:05 · 3 answers · asked by chicafresa 2 in Business & Finance ➔ Renting & Real Estate
well personally i have tried this once before and really couldnt get off the ground. this is my second time around and although i havent had success yet i am trying. the best way to start is to learn by reading on the internet like this and asking questions. the more you ask the more you learn. get out and meet contacts. you have to look for realtors. cpa, divorce lawyers who can give you leads to people who are looking to get approved.
you have to be a loan officer for two years before you can become a broker. find a mortgage company that sponsors new loan officers, and ask whats their comm. split. ask if they have training classes cause some do. that will really help. email me if you need help
2006-07-13 02:40:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't know what state you are in but in my state you need a real estate license. That would entail taking the test and there is a fee which varies from state to state. If you are thinking of getting into that business now, bad timing. Most companies are laying off employees because of the housing down turn.
2006-07-12 14:57:44 · answer #2 · answered by MadforMAC 7 · 0⤊ 0⤋
Hi Taramar, I am in NJ and have been a loan officer for a year and a half. I am now a sales manager for a branch office of a mortgage banker. What state are you in?
2006-07-16 21:18:19 · answer #3 · answered by LoanOfficer 1 · 0⤊ 0⤋