Can a PA Realtor also work as a Mortgage Loan Officer ?
Posted in Credit on 01/29/2010 11:18 am by admin
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
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
01/31/2010 at 10:19 pm
BRADLEY
Yes Realtors can be mortgage brokers too. However I would advise against using the the same person for both transactions.
02/02/2010 at 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.
02/03/2010 at 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.