Realtor or Loan Officer?

Question

Or both? I'm a fairly new licensed agent. Should I pursue a career as a real estate agen or should I pursue a career as a loan officer. What are the pro's and con's of each.

Answer 1

They are both good, you'll need to find your niche and explore it. It'd be quite lengthy to explain all details, you'll have to ask yourself if you like numbers, (what matters most) as well as study the market and its stats, & analyze all this, it takes some time, it is something someone needs to do way in advance, to determine such things & not be left wondering or guessing. (not saying you are)
As far as the Realtor end of it, I'd say there's much more work involved & you'll have to have lots of patience, especially now that the market has shifted in such a way and values aren't going up, therfore home sales are down and the market's slow, rates have come down, according to predictions it looks like it may remain stable, however, homes aren't selling still, you'll have to have an agressive marketing plan, as well as certain business tools and strategies to make it. (You may want to read more about it, check link below)
Both ends are pretty much commission based, I haven't seen any brokers giving anyone a salary, (it'd be very unusual) so you'll have to build your own pipeline (clientele)
Best wishes.

Answer 2

A loan officer is salaried and gets commission after a certain dollar amount of loans are closed. A Realtor must be a super salesman, motivated, have lots of money for gas and like people.
They work on commission only.

Answer 3

you can make money at both. the loan officer is a "job" and the realtor is an "independent contractor" and if you're an independent contractor you'd need to buy all your own equipment plus have a fairly new car to use to cart around clients in. Seems to me that both, and to a point, you'd have to bring in your own clients.

Answer 4

try both........... Put 100% into both............ Don't underestimate yourself