Can the Realtor be independently doing a seperate business offering mortgages, loan products ?
Thank you for your answers.
2007-05-09 11:23:04 · 4 answers · asked by KC 1 in Business & Finance ➔ Credit
Is there any law which allows /does not allow this? Thank you for your reply.
2007-05-09 11:24:41 · update #1
Yes Realtors can be mortgage brokers too. However I would advise against using the the same person for both transactions.
2007-05-09 11:32:44 · answer #1 · answered by Anonymous · 1⤊ 0⤋
uncertain what planet a number of those adult males think of mortgage mortgage officers artwork on, yet ninety 5% of private loan mortgage officers are cost in basic terms. the only actual exception to that's working at a telephone economic employer for a countrywide economic employer or lender (Ditech, Eloan,....). you will artwork the occasional weekend, hop in the motor vehicle to work out clientele sometimes, yet regularly that's a table interest. in case you do in contrast to working EVENINGS AND WEEKENDS, do not grow to be A REALTOR!!!!
2016-10-15 05:39:28 · answer #2 · answered by eubank 4 · 0⤊ 0⤋
Not sure of PA specifically, but many states allow it as long as it is fully disclosed and the borrower/buyer is aware of it.
It can be very beneficial as long as the Agent/Officer has your best interest at heart.
I am a licensed R/E Agent and Mortgage Advisor and routinely handle both aspects of the transaction for my clients to efficient and cost-effective results.
Good luck.
2007-05-09 17:02:25 · answer #3 · answered by Ted G 2 · 0⤊ 0⤋
Legally, I have no clue. I will say if the try to do both, they aren't doing the best possible job of either. I personally would not deal with this person.
2007-05-09 13:02:44 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋