Posted by Nate on February 18, 2001 at 12:03:14:
I don’t see an INHERENT conflict of interest. I can certainly see ways in which it COULD be a conflict of interest depending on your role(s) in a specific transaction, but I think if you are selling real estate and also arranging mortgages for other deals, there is nothing to worry about.
But check the licensing laws of your state to make sure it is OK.
Loan Officer - Posted by Laurie
Posted by Laurie on February 18, 2001 at 10:19:01:
Is it a conflict of interest to be an active real estate agent and an active loan officer at the same time?
Thanks in advance
Check out www.rebls.com - Posted by Brenda
Posted by Brenda on February 20, 2001 at 07:41:56:
They have a system in place for RE agents to originate loans in compliance with RESPA regulations. It requires you to become a PT employee of their company - somehow that covers a compliance rule.
interesting - Posted by David S
Posted by David S on February 19, 2001 at 08:25:22:
Let me step out on a limb here…
I would have to say that if you are having trouble answering the question from either seat, loan officer or RE agent, that you may have a much larger problem here.
David S