Is it Legal to be both a loan originator and a real estate agent?

[Ken Leibundguth]

Hello BP Friends,

I am considering a career change to become a Mortgage Banker (currently a Mortgage Closer) but I would also be interested in working as a Real Estate Agent. I have tried doing some research into the legality of operating in both capacities, but I have come up empty. I am assuming I can hold both licences, but would I be able to originate a loan for my home buying client?

Being able to provide both services to a client would create a great benefit to both the client (I can give greater closing cost credits) and myself (I will be able to earn BPS as an originator AND commission on the home sale).

I live in Illinois, but work for a Federally Chartered Bank.

This can turn into a tremendous career opportunity if allowed.

Thanks,