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Vince Le
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When can a loan officer who is also a realtor work on the same transaction?

Vince Le
Posted Dec 21 2023, 09:30

Does a loan officer who is also a realtor should work under one broker only (broker offers both mortgage loan and real estate services) to be able to work on the same transaction legally?

Thank you

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Mike Hern
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  • Scottsdale Austin Tuktoyaktuk
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Mike Hern
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Replied Dec 21 2023, 12:07
Quote from @Vince Le:

Does a loan officer who is also a realtor should work under one broker only (broker offers both mortgage loan and real estate services) to be able to work on the same transaction legally?

Thank you

Ask your broker. Don't rely on "online" opinions for that kind of information. 

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Obed Calixte
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Obed Calixte
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Replied Dec 22 2023, 09:53

Leverage the Florida Realtors Legal Hotline

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Erik Estrada
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Erik Estrada
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Replied Dec 22 2023, 11:18
Quote from @Vince Le:

Does a loan officer who is also a realtor should work under one broker only (broker offers both mortgage loan and real estate services) to be able to work on the same transaction legally?

Thank you

Here in CA, most brokerages offer both Real Estate and Mortgage services. Therefore the broker must be fully licensed with both the DRE and NMLS. 

If you have both licenses you may originate a loan and work on the buy side. It is not very common though. 

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