Real Estate Agent and Loan Officer at the same time? California
Hello,
I have a real estate license which I currently use for personal use. I had no interest in devoting time to make it a part-time job. However, lately, I been thinking about making a few business cards and passing them out to friends and relatives with the hope of making a few bucks to use a down payment for investment properties.
Lately, I been thinking about getting the loan origination license. I think it would be better if I could assist the client throughout the transaction and use both commissions investment purposes. However, I am not sure whether state law allows me to wear both "hats" at the same time.
I have read online it is possible, but I wouldn't be able to do FHA loans. However, according to the student assistant at the online school, I wouldn't be able to do both things at the same time with the same client.
Which one is it? It is hard to find a mortgage broker to take part-time officers?
Thank you in advance.