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Can you work for a mortgage broker and a real estate broker at the same time?
Wiki User
∙ 16y ago
Yes you can and many realtors do. There are certain restrictions and guidelines that must be followed to stay in compliance.
Wiki User
∙ 16y ago
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What makes a real estate broker different from a real estate agent?
Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.
Can a remainder interest owner be held responsible for paying a mortgage?
If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.
Is a mortgage broker the same as a mortgage underwriter?
A Broker is NOT the same as and Underwriter (U/W). The Broker usually owns the mortgage company. He contracts with several companies to write loans for their companies. Once these loans are written and closed, the broker will receive compensation. The U/W is the person that reviews the loan documents for accuracy, insuring that all income and asset documentation is correct, and reviewing the appraisal for industry standards.
What is purpose of a mortgage?
A mortgage is granted to a lender by the owner of real property in conjunction with a loan. The owner must grant a security interest in real property to the lender. A note that sets out the terms for the loan is executed at the same time. The mortgage must be recorded in the land records and then constitutes a lien on the real estate until it is discharged. It will take priority over any liens that are subsequently recorded.If the mortgage is not paid the lender can take possession of the real estate by foreclosure. Therefore, from the perspective of the lender the purpose of a mortgage is to grant the lender a security interest in the real estate so that it can take possession if the loan isn't paid.From the borrower's perspective, a mortgage can be used to purchase and improve real estate. It can also be used for any other purpose for which the property owner is willing to encumber their real property by using it as collateral.
Is it legal in california to working for different real estate brokerage office and mortgage loan office at same time?
Such as I'm an agent at Century21 and also working at local mortgage loan company.
Can youwork for a mortgage broker and title agency at the same time?
Sure. Just like you can work for two different 7-11 stores as long as you have separate hours for each. I take it in your question that the Mortgage Broker and Title Agency are owned by the same owner and in the same office. No big deal.
What is value of homes that have no mortgage in US?
The value of a HOME, that has no mortgage has the same Real Estate market value as one which does have a MTG. The value is assessed by the market conditions at any given time. The most recent 30-90 day sold properties in the same subdivision with similar qualities would provide a current value to all the homes and not just those that are free and clear of a Mtg. An appraiser would give the same Real Estate value to a home with or without a Mortgage attached.
Can someone be a stockbroker and a mortgage broker at the same time?
Like anyone has times for 2 jobs like that <.<
In California is it legal for a mortgage brokerage to own a property management company at the same time?
yes...mortgage brokers have to have a Real Estate license. So does someone in a property management company. You could do all three at once if you wanted to.
What is the difference between a full discharge of mortgage and a discharge of mortgage?
It appears both documents have the same effect. But if you are referring to having your mortgage discharged, but you did not pay off the loan in full, it may mean that you still have an outstanding debt, but it is no longer secured by your propery (real estate) as its collateral.
What is the VA streamline loan laws?
VA streamline loans involve repayment of one's current real estate debt from the proceeds of their new VA mortgage that has the same borrower using the same property.
How do you get loan for a french citizen to buy a house in Boston?
The same way anyone else would: you talk to a mortgage broker.
