They will receive benefits as a "Local BOR Associate." - They will be listed in the "BOR Membership Rooster" as an "Associate." - Classified in: - "Mortgages" - "Loans" "Lending" - "Financing."
This provides the possibility of originating loans for other "Realtors" and "Associates.
Fees vary. In my area it is around $225 to $365 per year dependent upon the three boards in Orange County, CA..
It only takes one loan a year to cover this "Small Tax Deductible Cost."
The BOR Fees are recovered from the first loan generated from this new "Profit-Center." .... Happy funding- Rudi Hofmann
2. Hire a different broker for either the RE or loan functions under different corps.
3. Get a CFL license for your loan agents