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Some do, but I don't know any who use them other than to join the Board and get lockbox access.
White Plains, NY
It's like a diploma or degree. It's what you do with it
Richie Alan Naggar
Having their license is one thing, but they need to keep their expertise and level of service at a high level, for their "main job", or they won't see any further business from me.
John McCormack, CRS
Debbie Reynolds As long as they don't provide a mortgage or an inspection to their real estate clients, I wouldn't have a problem with it.
Fine - as long as they limit their discussions with the Buyer to the "hat" they are wearing for that transaction...
Could be additional sources of income. I have no probelm with it. Good question.
I agree with Michael Thacker - Louisville Realtor on this one.
Began my career as a lender, then got a real estate license, then went to law school. Saw no conflicts along the way!
Debbie Reynolds I personally believe everyone has a right to 'earn' these licenses - as long as there are no ethics violations or 'crossing the line'.
Well, in CA they are not required to have a RE license. But I do not mind.
If they use it for informational purposes I think it is fine. If they switch careers I think it is fine. If they are trying to do more than one of them I think it is a conflict of interest.
They should take a Real Estate course for knowledge, but I have mixed fealings about licenses. It could end up a conflict of interest. Otherwise I don't have a real issue.
I don't have an issue with this.
Now a bit off topic...I do think home inspectors should be licensed.
pick a profession. but... having knowledge and experience in horizontal fields is good i think
No issues here, so long as it is to help us out on loans or get into properties. If they start trying to take business away, then I have a problem.
Individual people I am OK with, major companies becomig Real Estate agencies I am not thrilled with
If the law allows it, then I have no issues. In some cases, there may be disclosure or other requirements that must be followed.
I don't see it affecting us one way or the other. Lenders often start out in real estate and find they like the mortgage side better. An inspector who holds their real estate license may understand better about the delivery of their findings to all parties and how it can affect a sale. Many times remembering to put findings in to perspective is crucial.
White Plains, NY
I would prefer that they give full attention to their day jobs.
I probably would choose not to use vendors like this as they are a potential source of a conflict of interest.
Only voluntary. I took appraisal classes and got certified but only because I wanted to better know how to price houses.
What difference should it make to us? If it is a competition issue, I would not worry about it. A
Debbie - I guess I would rather they pick one profession, but if they can manage it all, more power to them. However, they need to be careful regarding any conflict of interest between the different jobs.
Why not? There are a lot of licensees out there -- they can become a terrific source of referrals when/if things don't work out and their license remains active.
Years ago many agents were taking applications, and thought it was a conflict of interest, or a way to get into more trouble if the transaction went south. I think if it was for access to MLS is good, if they are trying to be jack of all trades, maybe not.
I don't have an issue with it so long as they don't try to welch my clients and don't put themselves in a position of conflict of interest. At the end of the day we can't be "licensing police."
Good morning Debbie. I don't like the idea one bit, I see stuff like that as a conflict of interest.
The day I sold my real estate company I gave up my license.
Good Sunday morning Debbie. I am going to get my real estate license. I'm getting it so that I understand more of what happens on the real estate side of the transaction. I feel it will make me a better businessperson as well as home inspector.
We all come from somewhere else.
Hmm, maybe I should do lending and inspections on the side.
Only then can we truly appreciate the "OTHER" side.
I don't know any who are active RE agents but some who used to be or just did the class for education. I think the knowledge is helpful but as active agents there could be conflicts of interest.
It doesn't bother me as much as them not performing their jobs while I'm trying to do mine.
A lender agent told me he does loans(refin) on same house several times. With home he can only sell/buy once. He does a package deal.
My son tried his loan and deals are way better than bank retail. He gets wholesale rate. Fees paid by the broker.
Inspector ? Very few have realtor license in my area. Appraisers yes.
It would be good for them to know what we do. The problem would be if an agent was then inspecting their own sales while taking the mortgage application
Good for them to have an intimate knowledge of the profession, but getting and using the license may get them into some conflict situations.
Here they would only be able to perform one or the other but not both with the same client.
If they were trying to do both it might also mean they were not proficient in one or the other.