Special offer

DOES THIS HELP MAKE ME A WELL-ROUNDED AGENT??

By
Real Estate Agent with Buyers' Choice Realty

 

So, with hopes of more people having the chance to see this Post. I implore more of my fellow comrades to take the time to read this post and voice your opinions.

    I was curious, in this tumultuous market laden with negative press is it a positive move for someone like myself, to take up a position as a Mortgage Banker and use the opportunity to learn all the in's and out's of the financial side of Real Estate?

  I'm quite excited by the idea. I have always been extremely curious about how things work on the lending side of this Industry. So, just curious what my fellow professionals might think of this idea! Are there any of you out there that have pursued this line of experience? If so, what are some tips you can share with me; Good-Bad and the ugly??

What do you some of you think the perspective would be from the consumer side of an agent that is currently working as both a Real Estate Agent as well as a Mortgage lender. Now I hope we all know that via RESPA, I can not work my own deals(either way) It's one or the other, most certainly not both!!

Now when I worked in the Food & Beverage Industry, I started out in the kitchen working as a Line Cook and working my way up the ranks in the Back of the house. I then wanted to know what it was like on the other side so I started working as a Waiter and put some time in as a Bartender as well. Eventually I worked my up to a Food & Beverage Manager position and had just about covered the whole gamet of Food & Bev aside from owning my own Restaurant. Doing all of that made me an extremely well-rounded employee and enabled me to better interact with ALL fellow employees no matter what their positions was as well as interacting with customer!

So, with all that said, I was thinking that this would be a smart move based on the same concept I used in my previous career! WHAT DO YOU THINK??

 

Comments (7)

Alix Pinzon
Open Mortgage, LLC NMLS # 2975 - Downey, CA
(562)743-6086
Aside from getting a few tips from others, the primary benefit of this site is web presence.  That makes it a great first step.
Dec 18, 2007 10:58 AM
Chuck Christensen
Your Financial Coach - Bellingham, WA
That and a few extra pounds...actually...alot of pounds added would make you more well rounded.
Dec 18, 2007 10:59 AM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
Sounds like a good idea as long as you don't have to give up any of your existing customers because of the change.
Dec 18, 2007 11:40 AM
Jeffrey Dolfinger
24/7 Realty Inc. - Poughkeepsie, NY
NRBA Member
Knowing both ends of the deal is very powerful.  You will have a serious advantage over others.  Be careful about liabilty.
Dec 18, 2007 11:51 AM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
I don't know if it will do you any good, but as long as your not busy, what can it hurt?
Dec 18, 2007 11:58 AM
Anonymous
llan Rodgers, GRI
I've known two real estate agents that decided to tackle both RE sales and mortgage lending in North Carolina. One is no longer working in either field and the other continues on in a dual role. My observations of this situation are that this individual, who may be very talented, has not achieved a high level of success in either field which I attribute to the fact that he is being pulled in too many different directions and unable to focus on excelling in one area. I've always found the saying "Jack of all trades, master of none" to be particularly accurate in that achieving a high level of success requires focus. Sure, you might learn a great deal about lending but at what expense? Would the dual role serve as a distraction from achieving excellence in one area or the other. Only you can answer that question. Whatever the answer, best of luck to you.
Jan 22, 2008 07:57 AM
#6
Wm. Allan Rodgers, Jr
Fonville Morisey Realty - Raleigh, NC
GRI, ABR, SRS

Thomas-The last post was mine. I didn't realize that I wasn't logged in.

 Best,

Allan

Jan 22, 2008 08:06 AM