Out of state loans

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captivereef

2857 Posts

Posted - 05/04/2005 : 7:57:07 PM

How do i do loans in another state? My sister in law is a realtor in Atlanta and would gladly refer me but i am in WI. Do i have to be licensed in GA or just the lender? Or does the frirm where i work have to be licensed in that state? If i have to be how would i go about getting a GA license?

brian@homesteadm

273 Posts

Posted - 05/04/2005 : 8:27:47 PM

captivereef,
The broker you work for has to be licensed in that state. Otherwise, I'm not sure of GA rules precisely, but it's like most others, you'd have to get your own brokers license in WI, therefore becoming self-employed and then go to GA to get their license. Check out www.wdfi.org for directions to becoming a broker in WI.

Or else, much easier, you can find a different employer that is willing to 1099 you under their license and then you can write in a bunch of states. Talk to Midas, he seems to be looking for new LOs and will steer you in the right direction with that.

Good Luck!
Brian

captivereef

2857 Posts

Posted - 05/04/2005 : 8:29:17 PM

thanks for the info!

pqmitch

10 Posts

Posted - 05/06/2005 : 05:48:14 AM

I have info on doing loans in 42 states. Shoot me a quick e-mail and I'll send you some info.

patrick@kiaragroup.com

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