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Updated over 6 years ago,
do loan officers keep the 2% commission or is it like R/E
Do Loan Officers keep the full 2% of the mortgage loan or do they have to split it? In real estate I know the 6%-5% is split between both sides of sale (sellers/buyers) and then the remaining amount is split with the agency, so typically a real estate agent makes 1.5% of a deal. What is the real amount a LO makes. I'm looking to either get back int R/E but am consider the LO road.... Thanks for any and all help/insights ahead of time
~Alex