First he needs to get his NMLS license. without that, he cannot originate loans. There are educational and other requirements. It takes some time. To start, go to the NMLS website and read through the information. If you have any questions, call them up. I have found them VERY helpful. The phone number is on the website and the website link is below.
Lastly, you will need to link your NMLS license to whatever company you will originate loans with, whether it is your company or one you work for.
You have many good and thorough responses below. Did the Seller provide you (Buyer) with a Counter Offer signed by the Seller, which you then signed and returned? But they never signed the original contract (Residential Purchase Agreement)? You statement implies that they never signed the contract.
I respect the fact that you want answers to your questions and I think Trulia is a great tool for buyers and sellers to get "second" opinions. But I am concerned that you are this far into the process of purchasing a home and you don't know what is happening.
What is your agent telling you?... more
I am having a contract with them on 8/5 and given a closing deadline on 9/9. 15 days pass with no utilities in the house for inspection, I think I will miss in closing deadline. My broker can only communicate with them via email and leave phone msg. They are very slow or no respond to things.... more
It happens a few times per year, but it happens more often when I try to contact people in other professions, such as landscaping, plumbers, etc. In the universe of people who make their living from phone contacts, agents are actually better than most.... more
I think this may vary from state to state. Where I am, the buyer pays for the title insurance, survey, etc....the seller pays for a realty transfer fee............
I am sure someone from TN will come along and answer this for you!
I think there might be a benefit to working with a well known company but not as much as there might have been in the past. With the available means that a home seller can find agents and brokerages I think the larger, national brokerages lose a little more of their edge. With that being said, I think it's imperative for the agent to brand themselves and is something that will provide greater returns in the long run.... more
If I understand your question correctly, you are asking what real estate company your friend should work with now that he got his real estate license. Keller Williams Realty has great business philosophy. Agents benefit from profit sharing and the chance for 100% commission. It is agent run and everything is open book. Agents get free tools such as free website and Facts & Trends Report which is great for listing presentations and market analysis. Free in house trainings and classes almost everyday.
Won Na Ng
Keller Williams Realty
My office is in Torrance and we have a wonderful training/coaching program for newly licensed agents. Please have your friend call or contact me after Labor Day. I'm about to leave town on business and will be unreachable until then. When I get back, I'll be happy to talk to himr or her and share what we have to offer at my company!... more