That typically happens when the agent gets a lead that's either outside his area of expertise or outside of his geographical coverage area.A mortgage broker can only pay you a referral fee is you sent him a real estate buyer or seller and that mortgage broker, working under his real estate (not mortgage) license completes a purchase or sale with that client. 

You can learn to do some things yourself...but make sure you have someone who has experience, who you can trust, in either your geographic area or the skill set, that you need to develop, to give their opinion. 

Reminder that some geographic diversification in my portfolio would be a good thing. 

Well he didn't provide and explanation or answer my questions and instead he let me know that they are not currently taking on new clients! 

I was a bit confused myself and thank you for the explanation.

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

So to clarify the how, why and what of hard money loans, I have outlined a very simplified explanation of where we as a hard money (commercial real estate ) lender come in1.

Any explanation?

I've read hundreds of these and usually call the agent for an explanation to ensure we're protected.

The real estate agent I was assigned passed me off to someone else without explanation, and the general contractor stopped communicating with me once I had my first deal under contract.