Multi–licensing the future or the death as we know it?
A major difference to be considered is that the real estate agent may be moving from location to location during a typical work day. A mortgage broker, on the other hand, may work from an office or from home, and spend most of the work day on a computer or telephone
Want to create a true one stop shop? – Could you keep up Continuous Education to the tune of 18 hours a year for more than 1 license? But is that what we have come to protect us all from income spikes and falls….
Being a financial planner, mortgage broker and realtor may not be the answer but multiple people are trying it out including “For Sale By Owner Companies” locally.
Personally I hold 2 licenses: Mortgage Broker & Life Insurance and the learning curve was big and the ability to maintain both takes a lot of effort but it works for me. In our office we constantly meet and discuss new ways to obtain new clients, earn more business & help more people, and this has been a topic that has been a hot one since 2008 when the real estate market slowed down.
By being a one-stop-shop you may hurt your chances or receiving referrals from other professionals, but if you have a good stream of online leads or have a unique position to receive a lot of referrals regardless, then maximizing every prospect meeting and creating more revenue and better service is a great idea.
What do you think? Have you ever thought about multi- licensing? If you have I could probably help steer you in the right direction and avoid many common pit falls – give me a call and let’s do coffee. For the love of our business I make myself available to anyone anytime – Cheers
(Both jobs may require working nights and weekends especially if you do both at the same time!; compensation for both careers is based on productivity. A major difference to be considered is that the real estate agent may be moving from location to location during a typical work day. A mortgage broker, on the other hand, may work from an office or from home, and spend most of the work day on a computer or telephone.)