Originally posted by @Chris Mason:
Originally posted by @Russell Brazil:
Maybe @Chris Mason will have some sight as well....but I generally feel that the personality types that make a good agent, wouldnt work as a loan officer and vice versa.
I also personally feel like what guys like Chris do is harder than what I do as an agent. (I wonder if he feels the same way about the reverse.) A loan officer has to do like 3 times as many deals a year as an agent, and they do the good ones. But I think its so much easier coming up with 30 clients a year to deal with instead of 100.
Eh, I wouldn't say harder or easier. What we do is more efficient. I'm not spending my weekends driving my 100 clients all over town and playing marriage counselor (except once in a while), but you're busy doing exactly that with your 30 as a Realtor (and for nearly all 30 too). So it scales better on our side... provided you can drum up those 100 clients. If you're a 30 clients/yr kind of person either way, stick to being a Realtor.
I do agree that it's yin/yang. If I tried to be a Realtor, was showing a home, and someone told me the kitchen didn't "feel warm," then I'd turn up the thermostat, declare the problem solved, and tell them to write an offer or GTFO. :) That sort of approach works for mortgages where it's a number you can quantify and exactly measure, but not for being a Realtor where it's an aesthetic and a feeling.
There are a lot more failed LOs that become successful Realtors, than there are failed Realtors that become successful LOs. A bunch of my successful Realtor partners, oddly enough, are former LOs.
If you are a member of NAR as a Realtor, I would never personally hire you, under any circumstances. If any of my Realtor partners found out that I had a Realtor in my employ, well, I'm sure you could figure out how that would go.
So that's exactly why I am considering the switch. I am not the type of person who enjoys playing therapist, marriage counselor, babysitter, and etc. It's frustrating when someone can't quantify why they don't want to do something. I feel like loans are more back and white, yes or no. I worked in bank compliance and the Marine Corps so, as you can imagine, I don't have much patience for your feelings.
My Real Estate license would be expired before I started so there wouldn't be any conflicts (already had that discussion with lender). In my eyes, the fact that I can do everything from an office and over the phone is also a perk, no more driving 35 miles to show someone a house. I also feel like by having your business spread out over 100 deals instead of 30, it's not as devastating if you lose a couple.
However I think I'm going to give it until the end of 2020 and if I can't change my mind I'm going to start the transition to LO
