Lenders with Real Estate Licenses - Good or bad?

[Michael Hutchinson]

Just wanted to start a conversation with a few folks on the pros/cons.  I am debating having both, but doing the lending side.  Seems like a great way to meet more realtors at conferences and such.  However, I plan on focusing on the lending side.   

Anyone do both?  If so, pro's and cons of doing so?  Feels like access is greater to build a business with the license due to access to certain events and greater knowledge.  However, I am worried realtors might see me as trying to poach relationships (would never do).    How would it be received if you didn't already work with the lender?   Helpful or threat or other?

[Paul Pratt]

If you're not pursuing Real Estate Sales I don't think there's a purpose to do it. You can meet tons of Realtors by stopping by open houses, giving presentations and setting up coffee meetings. I'd focus on being the best local lender you can be, and you'll get tons of referrals. Make the deals go smoothly, and have your pre-approval be a stamp equivalent to a clear to close and you will crush it.