Mortgage Broker Questions

Mortgage Broker Questions

Member since 2008 · 3 posts · 0 votes

I asked this in the NEWBY Forum if anyone complains about seeing it twice...Sorry!

Hi, I am sorta in an educational bind. I hope someone can help me!?

I am very interested in Real Estate. So I am getting ready to sign up for Real Estate Appraisal school in Oct. I have been researching information and chatting on forums,etc.
I know I can't sell a dollar for .50 so I don't think I would be a good RE Agent. That's why I turned to Appraisal.
Well , an appraiser of 25 years on another forum told me "if I wanted to make big bucks" I should get my Real Estate license and become a Mortgage Broker. I know you need licenses for each of these. Why would he tell me that?

1) Do any of you think this is a good idea?
2) How hard would it be to become a broker?
3) Should I go ahead with my plans?

Please, any information at this point would be greatly appreciated!
I am in South Carolina if it matters.

Thank you in advance!
Bill

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  • Member since 2008 · 362 posts · 1 vote
    21y

    Hello Bill, If your interested in being a broker, then I suggest you do the research. If being an appraiser fits for you then do that. The choice is yours. Do what will make you happy. Both make good money.

  • Real Estate Investor · Austin, TX · Member since 2010 · 26 posts · 2 votes
    14y

    Working as an Appraiser should help you learn how to quickly value a property. This is a great skill to have when starting out as an investor.

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