Quick Answer: What Is The Difference Between A Realtor And A Lender?

Is it better to be a loan officer or a Realtor?

Loan officers work in the financial industry while real estate agents, also known as real estate sales agents, work in sales.

Loan officers require more formal postsecondary training, earn a notably higher salary than real estate agents and currently have better job prospects due to a faster job growth rate.

Can you be a realtor and a lender?

Licensed realtors can be loan officers, however, there are strict rules and regulations. If the real estate client is not their own and do not represent the home buyer or property buyer as a real estate agent, then they can originate any mortgage loan program including FHA Loans, VA Loans, USDA Loans.

Should I use my Realtors lender?

No Obligation To Go With A “Preferred” Lender

Your agent could ask you to get pre-qualified or pre-approved with the in-house lender before home shopping. It’s okay to use this lender to get the initial pre-approval letter, even if you have no intention of using their services.

Should you talk to a lender first or a real estate agent?

Start with a Mortgage Lender to make budgeting easier.

When it comes to buying a home, it’s natural to think of selecting a Realtor first. According to research from the National Association of Realtors, 44% of homebuyers begin by looking at properties, while another 17% goes directly to a real estate agent.