Can I work as a Real Estate Agent and a Bank Teller?

Question

Im currently in Ohio. Im not sure, I thought someone said it would be a conflict of interest. Could someone please tell me if this would be ok?

Im currently taking classes and plan on getting my sales license soon.

Answer 1

IT IS FINE AND THERE IS NO CONFLICT OF INTEREST AND ONCE YOU GET THE LICENSE YOU MAY WANT TO MOVE UP TO THE REAL ESTATE DIVISION IN THE BANK .

Answer 2

Not sure it's a conflict of interest - but generally a bank teller has such regular, 9 to 5 hours, how will you have any serious time to devote to listing, showing and selling houses?

There are some part time jobs which complement Real Estate well, but bank teller doesn't seem like one to me....you'll never be really available for your clients.

BTW, I worked as a bank teller years ago (for about two years when I was in college), and also spent over 10 years in the real estate and mortgage industry.

Hope this helps.

Answer 3

It's not a conflict but how do you plan on being available for clients and customers if you work 9-5? The bank isn't going to allow you to spend all day on the phone. They aren't going to let you take the morning off to show or list property. They aren't going to let you take off for inspections, closings, and all the other things that normally are done during business hours.

If you truly want to make real estate your career then do it. Work it full time because it's a lot of work. It's not as easy as most people want to think. Real estate is not an 8 hour a day 5 day a week job. When you are starting out it is more like 16 hours a day 6 or 7 days a week. Most people will not work with a part time agent either.

Go for it!

Answer 4

It's probably not illegal, but there could be a conflict of interest, especially in the bank job. Most real estate transactions involve lending, and banks lend money. So, even if you don't use the fact that you work in a bank, there can be a perception that you use the bank as a way of making the sales. And, if the bank manager finds out, he'd be almost certain to end your position - not because you have a second job, but because of the potential conflict of interest. I'm surprised though, that the real estate people didn't ask about your connection to a bank, and not let you pass the the exam (regardless of how well you know the material).

Answer 5

The Bank can't get into the real estate business and chaces are that they will tell you that you can not conduct your own private real estate business while on bank premises. It's the bank that will get in trouble if they get in trouble I'll give you three guesses as to what will happen to your teller job. There is nothing wrong with passing out a card or two or three or....

Answer 6

Is a guy who paints cars in conflict with a guy who sells them?

Not sure how the conflict of interest can come into play with this. Unless the person meant the bank/company has a policy about moon lighting (having a 2nd job while employed by them). Going to school for a new career might fall under this category and then it would be a conflict of interest.

Best is to never tell anyone at work what you are planning on doing. Those that are seeking an easy way up the ladder will gladly turn you in for the infraction just to get a leg up in the company. Watch your back.

Answer 7

how is being a bank teller and a real estate agent a conflict of interest? I am a Florida Realtor and you would be okay here so way not in Ohio. Check with OREC (Ohio Real Estate Commision)