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Updated over 8 years ago on . Most recent reply

Devona Thorne's profile image
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Devona Thorne
  • from Brooklyn, New York
  • Member since Jun 6, 2016
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Devona Thorne's profile image
Devona Thorne's profile image
Devona Thorne
  • from Brooklyn, New York
  • Member since Jun 6, 2016
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Devona Thorne
  • Brooklyn, NY
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Mortgage Brokers & Lenders

Ethics Questions- Please help!

Devona Thorne
  • Brooklyn, NY
Posted

I have a few questions regarding collecting commissions on properties. 

1. Can licensed mortgage brokers collect commission on refinancing a property they own?

2. If a mortgage broker is purchasing a building, can they collect commission on the mortgage they're brokering? Would a separate corporation have to be set up or anything?

3. Where can I find the laws that regulate these types of scenarios?

I really appreciate any guidance you can offer and thank you in advance.

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