Realtor and Loan Officer?????

I've thought about that long and hard and while there is a LEGAL answer to that (yes, you can do both), for me personally, it is a NO.

I can not, in my own conscience say that I am representing my buyer as their agent and NOT doing so as their mortgage person.  A RE agents fiduciary duty is very specific and legally outlined.  A mortgage person has no such fiduciary responsibility to the buyer. 

How very sad that this person did this to you.  MY suggestion would be to make sure you have some loan people you trust that speak spanish and maybe some other languages BEFORE you actually need them. I can't see any other way to protect yourself.

Intesting story.... For this reason, I'm very hesitant to do business with some LO's who even have a family member who is a Realtor. Althought you would hope something like this won't happen.... It is possible.

  It's ethical as long as it's disclosed. Texas allows dual capacity. The greater breach of ethics sounds like it's between you and the other ahem.. Professional ?.

I'm a little confused however, you sent your client to someone for financing for a property that they were interested in without representing them as buyers agent ?

I may have a solution for you should you run into a similar situation in the future. If you go to my blog page you will see a link to download a Pre-Recorded Realtor Business Partner Program.

Darren Britt

dbritt@amerisave.com  

I'm a team guy. I like the idea of professionals that are the best in their industry working together. So, while theoretically it's possible for someone to stay up to date on the best of buying and selling real estate and the world of home loans, I think it's rare at best. There are some reputable folks here on AR that do both and I hope they comment.

Could I list or represent buyers? Yes. Would that be best for the buyer or seller? I don't think so.

 Because I orginally posted to this thread I get updates on new comments as they come in. For those of you that may be interested in creating an additional revenue stream by getting 50% of the mortgage for your prospects or FSBO clients I have a pre- recorded presentation on my blog page that you can download to review a very unique Realtor Business Partner Program.

The presentation details programs that have been implemented by one of the fastest growing direct Lenders in the US. You can direct mortgage prospects to real time interest rate portal  whereby prospects can access available loan programs for the largest lenders in the US.

Amerisave beats out other major lenders consistently on interest rates and closing fee's as reported by 3rd party watchdog agencies.

 That is just 1 of several programs that are available

Test drive for yourself using the Rate Tool feature on my webpage www.amerisave.com/partner/dbritt 

This will be available to you also ( dual capacity States).

Real time rates connected to Wall Street

Darren Britt

Regional Sales Director

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Hello Mrs. Parker.  You have a very nice blog.  Do you know if the vacant lakefront estate property market for Montgomery Trace has improved?  Thanks.