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Rainer
321,157
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I am not the biggest fan of having them at open houses. I've seen where they become too attached with some visitors and the visitors do not get a chance to view the home completely. Maybe I just need to "screen" the lenders a bit better.

Mar 10, 2016 09:49 PM
Rainmaker
882,261
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Of course.

However you make no effort to define the function of the loan officer but leave the reader to assume.

A loan officer at a purposed open house can serve many beneficial roles one being SECURITY and apparently another role could be chef.

Mar 10, 2016 09:25 PM
Rainmaker
634,272
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I you want them, yes. They can be great as a co-host and valuable for drop in buyers.

Mar 10, 2016 05:49 PM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

It always helps to have a lender at the open house - who knows someone may want to write the offer NOW!

Mar 10, 2016 02:00 PM
Ambassador
2,563,851
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Make sure you and the lender comply with RESPA.

Mar 10, 2016 01:17 PM
Rainmaker
660,107
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

I should why not? I think its a great idea to have loan officer at a OH. I would have you Deanna Early  at one of my OH , but we are so far away, haha

Mar 10, 2016 01:09 PM
Rainmaker
3,427,767
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

It is a good idea a loan officer in open house.

Mar 10, 2016 12:50 PM
Rainer
471,173
DEANNA C. SMITH CERTIFIED MOBILE NOTARY
Certified Mobile Notary Signing Agent - Smith Mountain Lake, VA
Highest Ranked Certified Mobile Notary in Virginia

Many of my Realtors actually like having me at their open house.  No, it's NOT because I'm a fabulous lender, though I am.   It's because I am a fabulous cook.  I have catered so many open houses over the years and most Realtors come out just to eat my food.   I'm not gloating here, they've actually told me this over the years.

Now then, if an agent asks, I will gladly be on site to answer mortgage issue questions from a generic standpoint to be supportive without pushing my bank specifically.  Remember, Lenders don't have agency so buyers don't HAVE to do business with me just because we talked at an open house.

Mar 10, 2016 12:44 PM
Ambassador
5,357,799
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

If it is worth their time.

Jun 08, 2019 08:54 PM
Rainmaker
4,882,965
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have them accompany me, and was helpful when buyers had questions about the loan.

Mar 12, 2016 12:09 AM
Rainmaker
1,380,323
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

If you are lonely and need the company, yes.  If you're too frightened to do an open house by yourself, yes.  If you think someone is going to walk in, want to buy the house on the spot and need to get a loan... please come back to reality.

Mar 11, 2016 12:22 PM
Rainer
2,615
Joseph Moore
Coldwell Banker | REA - Omaha, NE
Focuse-First Time Home Buyrs, Down Sizing Sellers

The more information you provide your clients, the more your clients will turn to you first. If you trust the advisw of your loan officer and they have the people skills of human, by all means have them there.

Mar 11, 2016 12:52 AM
Rainmaker
4,157,118
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not a fan, but know many  who prefer it!

Mar 11, 2016 12:22 AM
Rainer
74,407
Michael Scruggs
UTR Texas-Realtors - Houston, TX
ABR, CNE, TAHS

Yes.  I can see  that having a lender present as a great assest to the open house.  Many potential buyers who attend open houses often times ask questions in regards to financing.  Having a lender to field those questions and being able to respond on the spot  would be beneficial.

Mar 11, 2016 12:09 AM
Ambassador
4,557,551
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I think it's a good idea and have done it seceral times, but it's not a regular practice nor do I see it around here all that often

Mar 10, 2016 10:48 PM
Rainmaker
2,634,037
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Only if you have a busy product or lots of them....Cell phone suffices

Mar 10, 2016 10:31 PM
Rainmaker
573,081
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

yes, like having them there. If a buyer comes through who isn't quite qualified you have twice the chance of incubation until they are ready.

Mar 10, 2016 10:16 PM
Rainmaker
3,968,087
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

A loan agent on site is great to get the home buying procedure started.

Mar 10, 2016 10:11 PM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Why not?

Mar 10, 2016 09:57 PM
Ambassador
1,576,105
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

It couldn't hurt.  I don't hold open houses.

Mar 10, 2016 09:38 PM
Rainmaker
3,995,106
Richard Weeks
Dallas, TX
REALTOR®, Broker

If you can get them to give up 2 hours of their weekend why not.

Mar 10, 2016 09:36 PM
Rainmaker
1,716,054
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I think it's a good idea.

Mar 10, 2016 09:17 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Yes but they should remain anonymous.

Mar 10, 2016 09:03 PM
Rainmaker
795,232
Susan Laxson CRS
Premier Sotheby's International Realty - Naples, FL
The Michelle Thomas Team

Why not? Especially if the Open House is going to be busy. I think it is of value to the prospects.

Mar 10, 2016 08:55 PM
Rainmaker
3,321,246
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

You should not ask questions anonymous but let everyone know who you are for better answers. And yes, i like to have one present

Mar 10, 2016 08:51 PM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not mind it.

Mar 10, 2016 08:25 PM
Rainmaker
6,540,604
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

That decision is up to you.

Mar 10, 2016 08:18 PM
Rainmaker
4,059,133
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I haven't but I know some agents do.  

Mar 10, 2016 05:13 PM
Ambassador
3,724,094
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Not a problem for me

Mar 10, 2016 03:24 PM
Ambassador
3,722,438
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Doesn't hurt, especially if you are new and clueless about financing.

Mar 10, 2016 01:44 PM
Rainmaker
1,149,109
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Your call. 

Mar 10, 2016 12:53 PM
Rainer
318,613
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

I never have a loan officer at my open house. Some agents do.  If you have a lender that's willing then do it.

Mar 10, 2016 12:29 PM
Rainmaker
4,173,802
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I do not.

Mar 10, 2016 12:27 PM