Considering Working with a Part-Time Sacramento Real Estate Agent?

By
Mortgage and Lending with WealthWise Mortgage Planning, a Division of American Pacific Mortgage Corporation NMLS #1850 NMLS 244226

sacramento mortgage brokrAs a Sacramento mortgage broker, my experience working with my clients’ part-time real estate agents has been very frustrating. Communication is usually sparse because they are trying to cover a day job.  Often, they lack essential industry knowledge (especially RESPA), perhaps because they don’t have time to keep up on industry changes. It seems that they simply do not have adequate time to provide an acceptable level of service to their client.

If I get a referral and they are working with a part-time realtor, I want to suggest they find a "part-time" loan officer, too! Just kidding of course; but, as a rule, I will not work a transaction with a part-time agent and will gently suggest that the client find a "full-timer".  Time is too precious to waste on agents I can’t reach in a timely manner!

I sometimes find myself spending hours educating part-time agents on the purchase process with information they should be getting from their broker. But what if the part-timer IS the broker? Yikes!!!  These brokers are also always available when the client or agent needs them.

Granted, times are tough and I understand the need for real estate professionals to get outside employment. However, as a Sacramento Mortgage Broker, I believe that an agent remaining in the business on a part-time basis, rather than making a full exit, is highly detrimental to their clients.

So, here's what you might expect from a part-time agent:

  • Part-time continuing education
  • Part-time industry knowledge
  • Part-time communication
  • Part-time experience
  • Part-time dedication
  • Part-time follow through

Choose your Sacramento real estate agent carefully!

Comments (2)

Julia Odom
Select Realty Professionals - Chattanooga, TN
Chattanooga Homes for Sale

'But what if they ARE the broker?'

Do you have parti-time brokers in your area? That's nuts (and against the law here in TN). I don't have a problem with part-timers as long as they are professional and available, a rare combination I know, but not an impossibility. I just wish I could always get that same combination from full-timers.

Oct 08, 2009 01:36 AM
Ed Gillespie
WealthWise Mortgage Planning, a Division of American Pacific Mortgage Corporation NMLS #1850 - Folsom, CA

Thanks for your input Julie!  Yes, unfortunately there are part-time brokers in business here in California and I'm working with one now. I've never checked if it's legal to be a part-time broker.  Maybe I should.

Oct 08, 2009 04:02 AM