Special offer
Tammy Lankford,, Broker  GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)

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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

When I worked for Pru, we were encouraged to get loan training (this was before license was required for all originators) 

I was not comfortable wearing both hats and never did a loan.

My PP Manual strictly prohibits licensees from doing loans. 

Terrible idea IMO as well! Double the liability! We have enough.

Jan 23, 2023 08:30 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Big companies have lobbied for this for many years.   They want an "all in one" shop where they can be the dual agent, the title closer, and the loan officer.  

Jan 23, 2023 07:56 AM
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

My loan officer works his tail off.  Loans are as tricky, if not more, than real estate.  I prefer to focus on one and excel at that, than to split my time between two and "less than excel" at both.  Plus, since I now host a networking group where we have lender partners, it could be seen as a conflict of interest there.

I used to kick myself for not getting my MLO, even though I had no plans on using it, simply because it ended up being only two questions on the Broker exam that I most likely got right anyways... not that it mattered.  Still would have been an extra renewal and CEs so in the long run not worth it.

Jan 23, 2023 09:18 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I am not a fan of this at all.  IF I could vote against it, I would. 

My skin crawls when I get an offer from an agent who is also doing the loan. 

Jan 23, 2023 08:57 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

This is really bad for the consumer. What hat will the agent wear?

Pick one! 

And the DRE gets upset about dual agency.

Jan 23, 2023 12:05 PM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Lets's see, so I can list a property, find a buyer for that same property, and do the loan for that property. I can feel my stress level going up just thinking about it.

Jan 23, 2023 09:23 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I think they are lacking in skills in one of the two areas, because I know I'd never attempt lending and Jason E. Gordon has said he'd never attempt being a REALTOR* - so I know those that are good at what they do...specialize!

Jan 23, 2023 01:41 PM
Jason E. Gordon
CMG Mortgage, San Diego, CA - San Diego, CA

I've done a deep dive on this topic over the past few years and can definitely provide clarity & context. There are indeed options to legally split the commissions between NMLS licensed Mortgage Professionals & NMLS licensed Realtors. That said, the lions share of the mortgage-related work should be done by the Mortgage Professional.


My company launched this option a few years ago, and the results have been fairly disappointing. The challenge is that although most Real Estate Agents welcome the additional income, the vast majority have not been overly inspired to go out and get their NMLS license.


Without the NMLS license, the Real Estate Professional CANNOT get paid (this would be a RESPA violation). With the NMLS License, the Real Estate Professional CAN get paid as a Mortgage Originator. When done correctly, this option puts more money in the kitty for the Real Estate Professional (to use as additional income, to bolster their marketing budget, and/or to supply the Buyer/Borrower with credits towards their closing costs). 

Jan 23, 2023 10:26 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

A lot of potential problems and lawsuits in the future with this

Jan 23, 2023 09:35 AM
John Juarez
The Medford Real Estate Team - Fremont, CA

I have had the experience of a buyer's agent whose husband was the loan officer for the buyer seeming to push the buyer to meets my seller's price in order to preserve the transaction for the agent and loan officer. Double commission for the buyer's team seemed too good to pass up.

Jan 23, 2023 09:40 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Uhhhh...no, a clear conflict of interest, in my opinion. Being an agent and a lender doubles the chances of losing a client for so many reasons! 

Jan 24, 2023 07:06 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Not a fan. I also wouldn't appreciate that from someone who makes an offer on one of my listings.

Jan 24, 2023 06:01 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Retired with no skin in the game but, if active, I would have concerns over conflicts of interest!

Jan 24, 2023 04:31 AM
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Tammy Lankford, I think it is very risky and I would not want to be the Broker of agents in my office doing both. HUD may approve, but would they help if the dual agent got sued? Does HUD think this falls under the guidelines of Fair Housing? Hmmmm? We live in such a litigious society.  

Jan 23, 2023 03:20 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ

I do not see this as a wise move for the buyers.  Who's looking out for their best interests - or rather - who's out to make the most money?  It has been highly frowned upon for many years.

Jan 23, 2023 01:49 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Not a fan of it but seeing it more and more


Jan 23, 2023 12:28 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

More eyes & ears? Who can argue that! That's what makes teams exceptional and relevant. Now, If the guy is competent, professional and can deliver results, then why not go with it? I am reminded that my CPA is also an Attorney too. I feel adequately protected ala peace of mind. Subjective

Jan 23, 2023 12:12 PM
Cathy Criado
Criado Realty - San Antonio, TX
Making Real Estate Profitable

Not a fan. I feel like there is a conflict of interest. If they are a lender they tend to direct the agent. I also don't like that it seems like a form of manipulation. 

Jan 24, 2023 06:18 AM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

It depends on the ability of the person and company doing both parts of the transaction.  Some are good and others are just serving themselves.

Feb 02, 2023 08:10 AM
Lillie Painia, ABR,NHC,TAHS,SRS
Lillie L. Painia, Tri-R Realty Group - Missouri City, TX

Hi Tammy,

I was a Loan Originator while also a Realtor a few years ago. I had no problem because I  focused only on Refi's. However, I personally feel it's a little too much for regular transactions. I still believe team work makes the dream work! However to each his/her own!!!

Jan 26, 2023 10:19 AM