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Updated over 8 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Khalil Favard
  • Brooklyn, NY
1
Votes |
7
Posts

Question on conflict of interest

Khalil Favard
  • Brooklyn, NY
Posted

I've been in the retail banking industry for a couple years as a Branch manager and meet alot of people day to day who need help with mortgages, refi, home equity. I've made alot of connections and I've meet alot of people who deal with real estate and if I can't assist a customer at my bank, I always have someone who I can refer them to.

I've been thinking I can create a business out of this and have began reading up what maybe required. From what I've researched, I know I'd need a real estate license in order to get paid from real estate transactions but I was wondering would it be a conflict of interest since I work for a bank and I also have an NMLS number?

Also if anyone is familiar with this type of business, if they could share some advice or things I can read up on I'd really appreciate it! 

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