Real Estate Agent and Loan Officer at the same time? California

[Raul Ruvalcaba]

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.

[Karen Margrave]

@Raul Ruvalcaba Welcome to BP! You've come to the right place to talk all things real estate. Actually I think it is possible to do both things at the same time, with the same clients, but double check with the DRE. California DRE.

However; just because you can do something doesn't mean you should. There could be a perceived conflict of interest.

Please consider uploading a photo of yourself to your profile. It gives the site a more professional appearance. If for some reason you don't want your pic online, use another pic of a local landmark, landscape, hobby or ? Thanks!