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meridian1
75 Posts |
 Posted - 03/27/2008 : 1:16:54 PM
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| One a purchase transaction, can the realtor and broker be the same person?? Or they should be different entities? |
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Banker0679
6374 Posts |
Posted - 03/27/2008 : 1:18:53 PM
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| yes if it's not a FHA loan, and it has to be properly disclosed to the borrower |
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Chris Clark
5861 Posts |
Posted - 03/27/2008 : 1:20:44 PM
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no, the realtor must step aside and let a real professional handle the loan.
hehehe. |
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rtrefflich
1777 Posts |
Posted - 03/27/2008 : 1:20:48 PM
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| I do it all the time |
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CoolMtgGuy
1076 Posts |
Posted - 03/27/2008 : 1:38:04 PM
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quote:
Originally posted by rtrefflich
I do it all the time
I think that CA & FL are two states where just about every real estate agent is/wants to be an originator. I never saw this in Connecticut but now I see it regurlarly in FL.
I wonder if there is any correlation to CA & FL being among the states with the biggest mortgage problems?
To the original poster - Unfortunately no, the real estate sales person and the mortgage originator can in fact be the same person ... except on FHA transactions.
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slants
2839 Posts |
Posted - 03/27/2008 : 2:03:40 PM
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| Will FHA allow the realtor and LO be different agents under the same broker? |
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Banker0679
6374 Posts |
Posted - 03/27/2008 : 2:05:25 PM
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fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
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meridian1
75 Posts |
Posted - 03/27/2008 : 2:06:40 PM
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Thank you so much everybody for all your inputs..You BO people rock when it comes to information and advice...hats off to you peoplequote:
Originally posted by CoolMtgGuy
quote:
Originally posted by rtrefflich
I do it all the time
I think that CA & FL are two states where just about every real estate agent is/wants to be an originator. I never saw this in Connecticut but now I see it regurlarly in FL.
I wonder if there is any correlation to CA & FL being among the states with the biggest mortgage problems?
To the original poster - Unfortunately no, the real estate sales person and the mortgage originator can in fact be the same person ... except on FHA transactions.
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slants
2839 Posts |
Posted - 03/27/2008 : 2:14:49 PM
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quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal? |
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MortgageBoarder
2133 Posts |
Posted - 03/27/2008 : 2:21:49 PM
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It wouldn't be possible because the agents must be w2 employees. Anyone who is primarily a Realtor(r) is paid 1099 therefore would not be able to originate FHA loans. That being said, the broker probably doesn't do w2 & 1099 for his employees, he only does one or the other and it would most likely be 1099... so those LO's would probably be out too...
quote:
Originally posted by slants
quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal?
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slants
2839 Posts |
Posted - 03/27/2008 : 2:30:58 PM
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quote:
Originally posted by MortgageBoarder
It wouldn't be possible because the agents must be w2 employees. Anyone who is primarily a Realtor(r) is paid 1099 therefore would not be able to originate FHA loans. That being said, the broker properly doesn't do w2 & 1099 for his employees, he only does one or the other and it would most likely be 1099... so those LO's would probably be out too...
quote:
Originally posted by slants
quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal?
LO and Realtor are not the same person. Many brokers such as Century 21 for example own in-house mortgage companies. Separate agents and pay structures, but the same ownership and broker's license. I guess my question is whether Century 21 may represent the seller/buyer and their in-house LO write the loan? Anyone know? |
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racerx
10229 Posts |
Posted - 03/27/2008 : 2:32:32 PM
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My broker is FHA approved and we have a mortgage side and real estate side. You can't do both on the same transaction (if it's FHA).
quote:
Originally posted by slants
quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal?
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americanheartlan
2037 Posts |
Posted - 03/27/2008 : 2:33:00 PM
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| Of course...happens every day. |
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slants
2839 Posts |
Posted - 03/27/2008 : 2:39:33 PM
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| Two conflicting answers. Who can settle this? |
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MortgageBoarder
2133 Posts |
Posted - 03/27/2008 : 2:43:47 PM
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I understand what you are saying Slants, and I'd say absolutely not... FHA does not allow for any interested 3rd parties to be involved with the transmital of the documentation in the Case Binder, and I take it being in the same office would certainly be a liability issue that FHA would restrict because of the above mentioned provision.
I can't find it in black and white, but that is my interpretation... 
quote:
Originally posted by slants
quote:
Originally posted by MortgageBoarder
It wouldn't be possible because the agents must be w2 employees. Anyone who is primarily a Realtor(r) is paid 1099 therefore would not be able to originate FHA loans. That being said, the broker properly doesn't do w2 & 1099 for his employees, he only does one or the other and it would most likely be 1099... so those LO's would probably be out too...
quote:
Originally posted by slants
quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal?
LO and Realtor are not the same person. Many brokers such as Century 21 for example own in-house mortgage companies. Separate agents and pay structures, but the same ownership and broker's license. I guess my question is whether Century 21 may represent the seller/buyer and their in-house LO write the loan? Anyone know?
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Banker0679
6374 Posts |
Posted - 03/27/2008 : 2:49:59 PM
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from what I heard....a realtor is not permitted to work with a company that also does FHA loans....vice versa. I've heard this from HUD.
You might want to call them and ask
quote:
Originally posted by slants
quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal?
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racerx
10229 Posts |
Posted - 03/27/2008 : 2:53:34 PM
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Robert, it's a little tricky in California because we don't have a separate license for loan officers. If you are a LO licensed by the DRE, you are a real estate agent (whether you admit it or not).
Justin, just to confuse the matter, what it if the broker has his businesses set up separately? ABC Mortgage and XYZ Real Estate.
quote:
Originally posted by Banker0679
from what I heard....a realtor is not permitted to work with a company that also does FHA loans....vice versa. I've heard this from HUD.
You might want to call them and ask
quote:
Originally posted by slants
quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal?
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EMScommercial
3645 Posts |
Posted - 03/27/2008 : 2:57:00 PM
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| hey richard... how have you been doing? |
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slants
2839 Posts |
Posted - 03/27/2008 : 2:58:34 PM
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quote:
Originally posted by Banker0679
from what I heard....a realtor is not permitted to work with a company that also does FHA loans....vice versa. I've heard this from HUD.
You might want to call them and ask
quote:
Originally posted by slants
quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal?
Very confusing. My former broker who is a compliance nut had as many as 165 LO's in his heyday (spelling?). Some of them were also Realtors. The policy there as interpreted per his many legal counsel and Hud/DRE audits was that if an agent practiced RE representation, they may only originate conventional loans, no FHA origination. I don't recall if a realtor in the office may write the offer while another LO did the FHA origination. Sounds like racerx is right though. Puts a wrench in my plans... |
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rtrefflich
1777 Posts |
Posted - 03/27/2008 : 3:28:17 PM
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| In CA this is really easy to do, just have your broker set up a separate company which he is the broker of record for, one company can do loans and be w-2'd and be set up for FHA, the other company can do real estate and the other things. You can also do this with a DBA instead of setting up a separate company. One of the advantages of this arrangement is that the REALTOR association needs everyone under the broker for that company to be a member of the board and pay dues, having two separate entities will keep your LO's from paying REALTOR dues. |
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slants
2839 Posts |
Posted - 03/27/2008 : 3:35:48 PM
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quote:
Originally posted by rtrefflich
In CA this is really easy to do, just have your broker set up a separate company which he is the broker of record for, one company can do loans and be w-2'd and be set up for FHA, the other company can do real estate and the other things. You can also do this with a DBA instead of setting up a separate company. One of the advantages of this arrangement is that the REALTOR association needs everyone under the broker for that company to be a member of the board and pay dues, having two separate entities will keep your LO's from paying REALTOR dues.
Actually, an agent duly licensed by the DRE may represent sellers and buyers without becoming a member of the Association of Realtors. The Association of Realtors is only a trade organization and not a part of one's licensing requirement. I am a member of the MLS and have Supra Key membership without a NAR membership. Hud imposes their rules regarding whether a broker may represent both RE and FHA mortgage in the same transaction and is not related to the NAR. |
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NobleHouse
211 Posts |
Posted - 03/27/2008 : 3:42:04 PM
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That's great. In Illinois you need to take 2 licensing exams. Obviously no reciprocity with CA but I couldn't complain with the 2 for 1 licensing in CA. I was told they were trying to change that I hope not.
quote:
Originally posted by racerx
Robert, it's a little tricky in California because we don't have a separate license for loan officers. If you are a LO licensed by the DRE, you are a real estate agent (whether you admit it or not).
Justin, just to confuse the matter, what it if the broker has his businesses set up separately? ABC Mortgage and XYZ Real Estate.
quote:
Originally posted by Banker0679
from what I heard....a realtor is not permitted to work with a company that also does FHA loans....vice versa. I've heard this from HUD.
You might want to call them and ask
quote:
Originally posted by slants
quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal?
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racerx
10229 Posts |
Posted - 03/27/2008 : 3:44:20 PM
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| Separating the licenses would prevent real estate agents that have a hard time filling in the blanks on a PA from originating loans and that would be a good thing. |
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rtrefflich
1777 Posts |
Posted - 03/27/2008 : 3:44:45 PM
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Yes, but if your broker is a member of the local board, the rules are that every agent under that license must be a member of the board as well. They don't always check but when the broker signs up his company he is indicating that all agents will also become members. It's just their way to get more money from everyone
quote:
Originally posted by slants
quote:
Originally posted by rtrefflich
In CA this is really easy to do, just have your broker set up a separate company which he is the broker of record for, one company can do loans and be w-2'd and be set up for FHA, the other company can do real estate and the other things. You can also do this with a DBA instead of setting up a separate company. One of the advantages of this arrangement is that the REALTOR association needs everyone under the broker for that company to be a member of the board and pay dues, having two separate entities will keep your LO's from paying REALTOR dues.
Actually, an agent duly licensed by the DRE may represent sellers and buyers without becoming a member of the Association of Realtors. The Association of Realtors is only a trade organization and not a part of one's licensing requirement. I am a member of the MLS and have Supra Key membership without a NAR membership. Hud imposes their rules regarding whether a broker may represent both RE and FHA mortgage in the same transaction and is not related to the NAR.
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NobleHouse
211 Posts |
Posted - 03/27/2008 : 3:48:44 PM
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| CAR is short for Cartel. |
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slants
2839 Posts |
Posted - 03/27/2008 : 3:48:52 PM
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quote:
Originally posted by rtrefflich
Yes, but if your broker is a member of the local board, the rules are that every agent under that license must be a member of the board as well. They don't always check but when the broker signs up his company he is indicating that all agents will also become members. It's just their way to get more money from everyone
quote:
Originally posted by slants
quote:
Originally posted by rtrefflich
In CA this is really easy to do, just have your broker set up a separate company which he is the broker of record for, one company can do loans and be w-2'd and be set up for FHA, the other company can do real estate and the other things. You can also do this with a DBA instead of setting up a separate company. One of the advantages of this arrangement is that the REALTOR association needs everyone under the broker for that company to be a member of the board and pay dues, having two separate entities will keep your LO's from paying REALTOR dues.
Actually, an agent duly licensed by the DRE may represent sellers and buyers without becoming a member of the Association of Realtors. The Association of Realtors is only a trade organization and not a part of one's licensing requirement. I am a member of the MLS and have Supra Key membership without a NAR membership. Hud imposes their rules regarding whether a broker may represent both RE and FHA mortgage in the same transaction and is not related to the NAR.
Brokers don't even need to join the board as full memebers. They may elect to be an MLS member and not the Cal Assoc of Realtors. |
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CoolMtgGuy
1076 Posts |
Posted - 03/27/2008 : 3:50:17 PM
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"I am a member of the MLS and have Supra Key membership without a NAR membership".
Is this unique to CA? In most states, the MLS is owned by the RE Brokers and the local Board of Realtors (arm of NAR) is the local MLS representative. That makes it impossible (in at least CT & FL wher I am licensed) in most states to have MLS access without being a member of NAR. |
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slants
2839 Posts |
Posted - 03/27/2008 : 3:53:35 PM
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quote:
Originally posted by CoolMtgGuy
"I am a member of the MLS and have Supra Key membership without a NAR membership".
Is this unique to CA? In most states, the MLS is owned by the RE Brokers and the local Board of Realtors (arm of NAR) is the local MLS representative. That makes it impossible (in at least CT & FL wher I am licensed) in most states to have MLS access without being a member of NAR.
The MLS may be owned by CAR, but is available to all RE licensees. A licensed RE agent does not have to be a Realtor (member of CAR) to work legally under their valid license, in CA at least. |
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NobleHouse
211 Posts |
Posted - 03/27/2008 : 3:57:13 PM
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Better not wear the "R" if you're not a member. The Cartel can sue you.
quote:
Originally posted by slants
quote:
Originally posted by CoolMtgGuy
"I am a member of the MLS and have Supra Key membership without a NAR membership".
Is this unique to CA? In most states, the MLS is owned by the RE Brokers and the local Board of Realtors (arm of NAR) is the local MLS representative. That makes it impossible (in at least CT & FL wher I am licensed) in most states to have MLS access without being a member of NAR.
The MLS may be owned by CAR, but is available to all RE licensees. A licensed RE agent does not have to be a Realtor (member of CAR) to work legally under their valid license, in CA at least.
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slants
2839 Posts |
Posted - 03/27/2008 : 3:59:24 PM
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quote:
Originally posted by NobleHouse
Better not wear the "R" if you're not a member. The Cartel can sue you.
quote:
Originally posted by slants
quote:
Originally posted by CoolMtgGuy
"I am a member of the MLS and have Supra Key membership without a NAR membership".
Is this unique to CA? In most states, the MLS is owned by the RE Brokers and the local Board of Realtors (arm of NAR) is the local MLS representative. That makes it impossible (in at least CT & FL wher I am licensed) in most states to have MLS access without being a member of NAR.
The MLS may be owned by CAR, but is available to all RE licensees. A licensed RE agent does not have to be a Realtor (member of CAR) to work legally under their valid license, in CA at least.
No need for the R. We all know the R does not miraculously instill knowledge or common sense in an agent. |
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NobleHouse
211 Posts |
Posted - 03/27/2008 : 4:04:30 PM
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| If they would just have common sense half the time that would be good. |
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slants
2839 Posts |
Posted - 03/27/2008 : 4:07:30 PM
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quote:
Originally posted by NobleHouse
If they would just have common sense half the time that would be good.
So true. Most of a realtor's job is based on common sense, too bad that's not a category in the licensing exam. |
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rtrefflich
1777 Posts |
Posted - 03/27/2008 : 4:15:37 PM
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Where else could you make $$$$ by not having any education, or doing any work at all. The last five years you just put up a sign and waited till people fought over your property like a bunch of people over free programs, now you actually have to work a little to sell a house and people are leaving in droves. At least in mortgages you have to think and figure things out on your own, REALTOR's are the biggest morons I have ever met
quote:
Originally posted by slants
quote:
Originally posted by NobleHouse
If they would just have common sense half the time that would be good.
So true. Most of a realtor's job is based on common sense, too bad that's not a category in the licensing exam.
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CoolMtgGuy
1076 Posts |
Posted - 03/27/2008 : 4:31:58 PM
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Quote: "REALTOR's are the biggest morons I have ever met"
And we get mad when others say similar things about our profession. I beg to differ with such a broad, stupid statement.
By the way genius ... I am a Realtor. I have a post graduate education and over 25 years of significant business experience working in the real business world. No, I am not a moron. Are you? |
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rtrefflich
1777 Posts |
Posted - 03/27/2008 : 4:35:19 PM
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I too am a REALTOR, have a BA and would not consider myself a moron, however working in So Cal for the past 8 years with REALTOR's I have come to the conclusion that they are some of the stupidest people I have ever come in contact with. This is a general statement and it is not everyone who is a REALTOR but it is a lot of them in the So Cal area
quote:
Originally posted by CoolMtgGuy
Quote: "REALTOR's are the biggest morons I have ever met"
And we get mad when others say similar things about our profession. I beg to differ with such a broad, stupid statement.
By the way genius ... I am a Realtor. I have a post graduate education and over 25 years of working the the real business world. No, I am not a moron. Are you?
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bmoran
908 Posts |
Posted - 03/27/2008 : 4:44:11 PM
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Hey guys, I just had a meeting with a HUD/RESPA Attorney and HUD does allow you to have a company that does both real estate sales and loans. You can represent the buyer and do the loan as well, however you can NOT earn a commission on both sides if its an FHA loan.
If anyone would like his name and number feel free to email privately and I will pass it along. This guy is great and really knows his stuff. I often see so much misinformation posted here. Sometimes people think because someone has been doing something a certain way for an extened period of time "it must be ok".
Just being a broker doesn't give you all the answers either. |
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NobleHouse
211 Posts |
Posted - 03/27/2008 : 4:45:56 PM
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| Combine no common sense and a halfass work ethic, then you really have a problem. |
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slants
2839 Posts |
Posted - 03/27/2008 : 4:48:58 PM
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quote:
Originally posted by bmoran
Hey guys, I just had a meeting with a HUD/RESPA Attorney and HUD does allow you to have a company that does both real estate sales and loans. You can represent the buyer and do the loan as well, however you can NOT earn a commission on both sides if its an FHA loan.
If anyone would like his name and number feel free to email privately and I will pass it along. This guy is great and really knows his stuff. I often see so much misinformation posted here. Sometimes people think because someone has been doing something a certain way for an extened period of time "it must be ok".
Just being a broker doesn't give you all the answers either.
So if a broker CANNOT earn a commission on both sides on FHA purchase money, you really can't perform both functions on an FHA deal, unless doing the loan pro bono with $0 commission.
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bmoran
908 Posts |
Posted - 03/27/2008 : 4:52:11 PM
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quote:
Originally posted by slants
quote:
Originally posted by bmoran
Hey guys, I just had a meeting with a HUD/RESPA Attorney and HUD does allow you to have a company that does both real estate sales and loans. You can represent the buyer and do the loan as well, however you can NOT earn a commission on both sides if its an FHA loan.
If anyone would like his name and number feel free to email privately and I will pass it along. This guy is great and really knows his stuff. I often see so much misinformation posted here. Sometimes people think because someone has been doing something a certain way for an extened period of time "it must be ok".
Just being a broker doesn't give you all the answers either.
So if a broker CANNOT earn a commission on both sides on FHA purchase money, you really can't perform both functions on an FHA deal, unless doing the loan pro bono with $0 commission.
Correct |
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MortgageBoarder
2133 Posts |
Posted - 03/27/2008 : 5:28:04 PM
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Jen I would think in this case the Broker could do that if they had two seperate offices. They could even be next door to each other, just not in the same office with the same addresses??
quote:
Originally posted by racerx
Robert, it's a little tricky in California because we don't have a separate license for loan officers. If you are a LO licensed by the DRE, you are a real estate agent (whether you admit it or not).
Justin, just to confuse the matter, what it if the broker has his businesses set up separately? ABC Mortgage and XYZ Real Estate.
quote:
Originally posted by Banker0679
from what I heard....a realtor is not permitted to work with a company that also does FHA loans....vice versa. I've heard this from HUD.
You might want to call them and ask
quote:
Originally posted by slants
quote:
Originally posted by Banker0679
fha will not allow a loan officer working as a realtor in ANY capacity.
Applies viceversa as well
quote:
Originally posted by slants
Will FHA allow the realtor and LO be different agents under the same broker?
Not a realtor as a LO, but a broker who employs realtors as well as LO's. Will FHA permit LO and RE agent (different individuals w/ separate licenses) under the same employing broker's license to work the same deal?
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MortgageBoarder
2133 Posts |
Posted - 03/27/2008 : 5:46:46 PM
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I have in the last couple months become a Realtor(r) too and as stated above, it is simply to be a member of the organization. It allows me access to networking opportunities and events that I could not get into without being a member, and I certainly couldn't rally up all of those SD agents on my own!! Broker's can join simply as an Industry Associate and do NOT have to pay the full Realtor(r) fees or join the MLS.
**This is paying off by the way.. I have only been to 4 Caravans and have obtained 50+ prospects to wead through and find out who's effective, and I am getting ready to call on my first FHA client from an Agent as we speak!! :)
The moron statement is broad, double sided and weak. It goes both ways guys... I have been working with RE Agents and Mortgage Agents for the last 5 years.. both entities consist of the sharpest tools in the shed and both have some of the biggest idiots in the country.
And I am in no way one of the Knotzies of the org., but yes, you can be fined and penalized as an RE agent if you are not Realtor(r) approved and use any of their trademarked logos, titles, or techniques. Just like if you use Variable Range Pricing for your listings in CA, you have to be a member of CAR.
MLS works different in every county here in CA. SoCal's MLS system is provided by TEMPO. TEMPO then contracts out their data to a company who works with the Realtor(r) boards to provide that needed data. San Diego's providing data company is Sandicor which is owned by all 5 Realtor(r) associations in SD County. In order to access Tempo MLS through Sandicor you must be a CAR member.
I don't know how it works everywhere in Cali, but that is the SD system. If you want MLS access, you must pay the dues and join the club. SD has one of the top regulated and managed Realtor(r) associations in the country, it's pretty hardcore!!
quote:
Originally posted by CoolMtgGuy
Quote: "REALTOR's are the biggest morons I have ever met"
And we get mad when others say similar things about our profession. I beg to differ with such a broad, stupid statement.
By the way genius ... I am a Realtor. I have a post graduate education and over 25 years of significant business experience working in the real business world. No, I am not a moron. Are you?
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dkendall1979
6881 Posts |
Posted - 03/27/2008 : 5:50:55 PM
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Hey, didn't you have a post, "MortgageBoarder Out!!!"?
quote:
Originally posted by MortgageBoarder
I have in the last couple months become a Realtor(r) too and as stated above, it is simply to be a member of the organization. It allows me access me to networking opportunities and events that I could not get into without being a member, and I certainly couldn't rally up all of those SD agents on my!! Broker's can join simply as an Industry Associate and do NOT have to pay the Realtor(r) fees or join the MLS.
**This is paying off by the way.. I have only been to 4 Caravans and have obtained 50+ prospects to wead through and find out who's effective, and I am getting ready to call on my first FHA client from an Agent as we speak!! :)
The moron statement is broad, double sided and weak. It goes both ways guys... I have been working with RE Agents and Mortgage Agents for the last 5 years.. both entities consist of the sharpest tools in the shed and both have some of the biggest idiots in the country.
And I am in no way one of the Knotzies of the org., but yes, you can be fined and penalized as an RE agent if you are not Realtor(r) approved and use any of their trademarked logos, titles, or techniques. Just like if you use Variable Range Pricing for your listings in CA, you have to be a member of CAR.
MLS works different in every county here in CA. SoCal's MLS system is provided by TEMPO. TEMPO then contracts out their data to a company who works with the Realtor(r) boards to provide that needed data. San Diego's providing data company is Sandicor which is owned by all 5 Realtor(r) associations in SD County. In order to access Tempo MLS through Sandicor you must be a CAR member.
I don't know how it works everywhere in Cali, but that is the SD system. If you want MLS access, you must pay the dues and join the club. SD has one of the top regulated and managed Realtor(r) associations in the country, it's pretty hardcore!!
quote:
Originally posted by CoolMtgGuy
Quote: "REALTOR's are the biggest morons I have ever met"
And we get mad when others say similar things about our profession. I beg to differ with such a broad, stupid statement.
By the way genius ... I am a Realtor. I have a post graduate education and over 25 years of significant business experience working in the real business world. No, I am not a moron. Are you?
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MortgageBoarder
2133 Posts |
Posted - 03/27/2008 : 5:52:58 PM
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LOL yes... I started it like last September maybe?? Then got right back into about 2-3 weeks later and the post stayed alive, I even saw it last week I think! Crazy Linda had a crush on me and would bump the post any time I would post a response with my new company.
quote:
Originally posted by dkendall1979
Hey, didn't you have a post, "MortgageBoarder Out!!!"?
quote:
Originally posted by MortgageBoarder
I have in the last couple months become a Realtor(r) too and as stated above, it is simply to be a member of the organization. It allows me access me to networking opportunities and events that I could not get into without being a member, and I certainly couldn't rally up all of those SD agents on my!! Broker's can join simply as an Industry Associate and do NOT have to pay the Realtor(r) fees or join the MLS.
**This is paying off by the way.. I have only been to 4 Caravans and have obtained 50+ prospects to wead through and find out who's effective, and I am getting ready to call on my first FHA client from an Agent as we speak!! :)
The moron statement is broad, double sided and weak. It goes both ways guys... I have been working with RE Agents and Mortgage Agents for the last 5 years.. both entities consist of the sharpest tools in the shed and both have some of the biggest idiots in the country.
And I am in no way one of the Knotzies of the org., but yes, you can be fined and penalized as an RE agent if you are not Realtor(r) approved and use any of their trademarked logos, titles, or techniques. Just like if you use Variable Range Pricing for your listings in CA, you have to be a member of CAR.
MLS works different in every county here in CA. SoCal's MLS system is provided by TEMPO. TEMPO then contracts out their data to a company who works with the Realtor(r) boards to provide that needed data. San Diego's providing data company is Sandicor which is owned by all 5 Realtor(r) associations in SD County. In order to access Tempo MLS through Sandicor you must be a CAR member.
I don't know how it works everywhere in Cali, but that is the SD system. If you want MLS access, you must pay the dues and join the club. SD has one of the top regulated and managed Realtor(r) associations in the country, it's pretty hardcore!!
quote:
Originally posted by CoolMtgGuy
Quote: "REALTOR's are the biggest morons I have ever met"
And we get mad when others say similar things about our profession. I beg to differ with such a broad, stupid statement.
By the way genius ... I am a Realtor. I have a post graduate education and over 25 years of significant business experience working in the real business world. No, I am not a moron. Are you?
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dkendall1979
6881 Posts |
Posted - 03/27/2008 : 5:57:40 PM
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| I knew I wasn't completely insane. |
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rtrefflich
1777 Posts |
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