Should Real Estate Agents Get Lending Licenses? More Work, Same Results

The Real Estate Agent Playbook

Are you a real estate agent considering expanding into lending? This episode dives into the growing trend where real estate professionals are approached with lucrative offers to become non-producing lending partners or join joint ventures promising higher earnings per transaction. We explore various models that have been pitched to agents, such as obtaining full mortgage licenses or becoming licensed in multiple states.

What You'll Learn:

• Overview of Diversification Models: Understand the different joint venture models pitched to agents, including the non-producing partner model and the implications of holding a mortgage license.
• Risks and Challenges: We analyze the potential problems and pitfalls of these models, such as the risk of being used primarily as a marketing tool for lending institutions and the possible dilution of your core real estate services.
• Focusing on Real Estate Excellence: Discover why excelling in your real estate practice might be more beneficial than diversifying into lending, with tips on enhancing your skills to maximize income from real estate transactions alone.

Why Listen? This episode is essential for any real estate agent faced with decisions about diversifying into lending or those curious about how these joint ventures work. Get informed about the potential impacts on your career and how to navigate these opportunities to ensure they align with your professional goals.

Join Our Community: If you’re passionate about building a successful career in real estate and want to make informed decisions about potential diversifications, subscribe to our channel. We discuss all aspects of real estate career development, from increasing transaction values to evaluating joint venture proposals.

Engage with Us: Have you been approached with a joint venture or lending partnership? Share your experiences and thoughts in the comments below. Let's discuss the real impact of these opportunities on our professional lives.

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Jeremy Kane is a licensed Realtor® in Littleton, Colorado with EXP Realty and a member of the Wolf Pack Organization. The opinions shared on this show represent the opinions and values of Jeremy Kane and do not necessarily represent the opinions and values of EXP Realty or the Wolf Pack Organization. The opinions and ideas shared in this podcast do no guarantee or promise any results of success to the listener.