Realtor Looking to Have A Hand in MLO.

[Benjamin Sykes]

I have recently been doing some reading on Realtors also being MLO's.  I am currently a Realtor and work with a group of Realtors, and hadn't thought about the profit potential in converting these leads in-house. I guess my question for conversation is this...

I don't want to leave being a Realtor to become an MLO, but am looking for the opportunity to do both (as in not have to go into an institution every day). Does anyone have any information on this? Or have an experience in this? 

I also saw this as a possible added benefit as a grow my own real estate investment portfolio. 

Blessings,

[Lillie Hernandez]

Hi Ben! 

I heard recently from a Realtor and lender that although you can be both you are unable to be a Realtor and MLO on a transaction of one property. Therefore, you would have to decide which role you would like to be but you cannot be both at once. Hope that makes sense! :)