FAQs

What is a loan officer?

By |2022-05-29T15:37:11-07:00May 29th, 2022|Categories: |

Loan officers are employees of lenders, like banks and credit unions, or mortgage brokers. In the case of a one-person mortgage broker firm, the person is both the broker and the loan officer. If a consumer tries to buy or [...]

What is a Mortgage Consultant?

By |2022-05-29T15:37:04-07:00May 29th, 2022|Categories: |

Mortgage consultants, AKA mortgage brokers, are finance professionals who help people buy homes and investment properties with financing that fits their circumstances. The consultant's relationship with buyers includes: helping buyers understand the arbitrary rules of mortgage lending presenting buyers with [...]

What is a Real Estate Broker?

By |2022-05-29T15:36:56-07:00May 29th, 2022|Categories: |

A real estate broker is a licensed real estate agent who has additional education earning a broker license. There are three types of real estate brokers: Associate brokers, who have broker licenses but choose to work under another broker Managing [...]

How do real estate agents get paid?

By |2022-05-29T15:36:49-07:00May 29th, 2022|Categories: |

Real estate agents are paid by commission on a percentage basis for their work for real estate brokers or real estate agencies. Agents share their commission between the buyer's agent, the listing agent, and the agencies those agents work for. [...]