Has anyone seen the text on SB 2226? Loan originators must be licensed in Florida which I agree with; however, here's the definition of 'loan originator':
"an individual who, directly or indirectly, solicits or offers to solicit a mortgage loan, accepts or offers to accept an application for a mortgage loan, negotiates or offers to negotiate the terms or conditions of a new or existing mortgage loan on behalf of a borrower or lender, processes a mortgage loan application, or negotiates or offers to negotiate the sale of an existing mortgage loan to a noninstitutional investor for compensation or gain."
Basically, anyone who is negotiang Florida short sales must be licensed as a 'loan originator' and that would include real estate agents as of this date because there is no exemption or at least none that I could see. I wonder if this is gonna sneak through unchallenged...??
C'est la Vie.