Jan

29

Can a PA Realtor also work as a Mortgage Loan Officer ?

Filed Under Credit 

KC asked:


Can the Realtor be independently doing a seperate business offering mortgages, loan products ?
Thank you for your answers.
Is there any law which allows /does not allow this? Thank you for your reply.

RAMON

Comments

3 Responses to “Can a PA Realtor also work as a Mortgage Loan Officer ?”

  1. EMERSON on January 31st, 2010 10:19 pm

    BRADLEY

    Yes Realtors can be mortgage brokers too. However I would advise against using the the same person for both transactions.

  2. JESS on February 2nd, 2010 1:21 pm

    JACOB

    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.

  3. GREGG on February 3rd, 2010 12:52 am

    NATHAN

    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.

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