Mortgage brokers can be helpful as they work with investment property lenders that have better rates and terms that don't advertise directly to the public. 

I assume you are not a Realtor working under a broker (if you were, your broker may require you to use the CAR forms). 

Being a mortgage broker, I'm sure my opinion may seem bias, but I suppose it depends on your goals.

Just curious whats going on out there- we are not active brokers so not up with current trends Thanks again !! 

Quote from @Joe Mills: You are exempt if you meet one of the following requirements:Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at onceIf those don't apply, then you must abide by Fair Housing and you must make reasonable accommodations for people with assistance animals.

Don’t waste time with buyers/sellers/borrowers that won’t give you an EXCLUSIVE; if you do you’re competing with every other financial intermediary or broker and even if you’re successful probably won’t get paid4.

@Chad U.I also heard many rumors that JM was allegedly being sued by investors as he brokered transactions and ran away with the $.

Lending in the manner in which you are talking about in CA would require you to get licensed or use a license broker and therefore cost you 1-2 points which is less money that you can earn by doing it yourself as a broker.

I have an REO broker with over 15 years experience to help guide you through the process if you have not done it before.I'll work with you on ensuring everything the Am's are lookimng for is addressed in your resume.If I do not get you listings it does not cost you anything.

I sell land as an agent, I've been a land broker for 15 years, focused on Southern California, FYI.