I am a new Loan Officer / Real Estate Agent and i am trying to devolope my self. I am trying to get people to try me when they are looking for a new property or a new loan.
2006-12-06 08:20:17 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I am a Loan Officer & A Realestate Agent.
2006-12-06 08:23:18 · update #1
Your best bet, would be to work for a real estate ofice: if you can land a job in an office with good agents you would be able to many many contacts that would be interested in getting loans for their own clients. Maybe you can work something out with the broker of the officer and become the "in-house" loan officer. Becuase since you are able to work in the real estate side of the business you are able to generate business from the other agents, they always have the best leads.
2006-12-06 08:36:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
When dealing with a FSBO please beware. You do not draw the contract up the owner of the property does. They have forms at Staples or any office supply store that are legal and binding. Real estate attorneys won't be much help other than writing up a contract with general clauses. You can request a special clause for that $10k but let me tell you that is definitely against the law. You can not ask to raise the price of the property so that you can get cash back. That is not how it works. The lender is wrong in telling you it wasn't violating any laws. Acermill is correct and I back him up. The lender is also not telling you everything about extra money for improvements. Let me explain that your initial loan is for the property and a 203K loan is for improvements. This 203K loan is actually a second loan, not an additional money contract. Beware of this situation when a Seller and Lender are working together. Those are immediate RED FLAGS! When a seller and lender state that an option was given to accept cash back then you need to report both the seller and the lender to the state.
2016-05-23 01:38:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
hmmm that can be hard, my dad was in real estate for a very long time and he said most people under 30 didn't make it. Sorry I'm not of more help but there must be some kind of reason behind the age thing
2006-12-06 08:22:46 · answer #3 · answered by senseriffic 1 · 0⤊ 0⤋
Don't worry, you cant expect to be trusted at the peak of your career. The more experience in sales you have the better you will build your reputation. It takes time, have patience.
You develop yourself by mirroring the elite in your field. Read read read and make sure your are honest to people at all times.
2006-12-06 08:27:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
retake your tests on line and see how you fair with the experience you've learned thus far in the field.
the continue in your endeavor putting in a lot more time with others in classes and the ones the title companies offer as well as the state RE board
2006-12-06 08:36:24 · answer #5 · answered by ticketoride04 5 · 0⤊ 0⤋
get a job at a local bank or real estate agency.
2006-12-06 08:22:16 · answer #6 · answered by Richard H 7 · 0⤊ 0⤋
I would choose one or the other. There are too many legal issues doing both. Also, if you focus on one, it will be easier to establish yourself.
2006-12-06 08:47:28 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Two words.
Hobbs - Herder
2006-12-06 08:32:07 · answer #8 · answered by teran_realtor 7 · 0⤊ 0⤋
get a real job in the mean time
2006-12-06 12:06:17 · answer #9 · answered by Anonymous · 0⤊ 1⤋
I would think it is VERY difficult to do both at once. Good luck.
2006-12-06 08:26:42 · answer #10 · answered by Anonymous · 0⤊ 0⤋