Realtor Susan
RealtorForum Replies Created
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Great opportunity for real estate agents to double or increase their incomes substantially. How does Nexa Mortgage dually licensed realtor and mlo BDM program work?
https://non-qmmortgagelenders.com/mlo-career-opportunity-for-realtors/
non-qmmortgagelenders.com
MLO Career Opportunity For Realtors
Non-QM Mortgage Brokers, Inc. offers MLO Career Opportunity For Realtors where full time real estate agents can make dual commissions
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The following are the most common queries regarding a real estate agent getting a dual designation as a realtor and mortgage loan originator (MLO) business development manager (BDM):
1. **What is the foremost advantage of being a dually licensed real estate agent and MLO?**
– The ability to receive commissions on both the real estate transaction and the mortgage loan origination is the primary advantage; this greatly increases your earning potential.
2. **Do I need to be an actively practicing real estate agent to engage in this program?**
– Yes, to participate in the dually licensed program, you must be a real estate agent in active status.
3. **What are the steps I need to take in obtaining an NMLS license?**
– To attain NMLS licensure, one must fulfill the prerequisites for education, complete the national exam alongside a state-specific one, undergo a background check, and submit their payment. These are general guidelines, as specific criteria differ amongst states.
4. **Am I able to select my partnering loan officer?**
– Generally, yes. As a dually licensed real estate agent, you are given the discretion to select the NMLS-licensed loan officer that you wish to partner with.
5. **How does the payment plan work?**
– You will receive your standard commission from selling the property, alongside a commission for originating a mortgage loan. The specifics are open to negotiation with your partner loan officer and the mortgage lender.
6. **What are the additional responsibilities for license renewals under the NMLS?**
– To retain the NMLS license, you will have to complete continuing education instruction. Their determination and renewal deadlines differ by state.
7. **Is there a defined time allocation needed for the mortgage origination process?**
– Time allocation varies, but in most cases, the loan officer will complete the majority of the work needed for mortgage origination. Your responsibilities will include client referrals and dealing with the loan officer.
8. **If I prefer a certain partner, can I still use other loan officers?**
– Generally, yes. However, it differs based on the agreements and stipulations of the mortgage lenders you partner with.
9. **What assistance can I receive from my mortgage lender?**
– With respect to your marketing accounts, your mortgage lenders may offer assistance in the form of training, marketing materials, and help you initiate the origination of mortgage loans. Different lenders offer varying degrees of assistance.
10. **Could there be some regulatory matters that I may have to consider?**
– Yes, you need to observe all applicable state and federal rules concerning real estate and mortgage activities. This includes compliance with the code of ethics, obligations of disclosure, and measures to prevent fraud.
11. **Who else benefits from the program besides the participants?**
– A homebuyer enjoys a client-centered approach to servicing because his real estate and financing needs are handled simultaneously by a team, thus providing value and efficient service.
12. **If I am licensed in several states, can I still participate in this program?**
– You only need to hold an NMLS license from one state to be part of the program. For those who are licensed in several states, you have the option of broadening your services; however, you will have to meet the licensing regulations of every state.
13. **What happens if I decide to leave the program or change my partner loan officer?**
– The answer is dependent upon the agreements made with the partner loan officer and the mortgage lender. Typically, you have the option to withdraw and even change partners, but there are certain steps, terms, and agreements that must be adhered to.
14. **Are there any additional costs associated with becoming a dually licensed real estate agent and MLO?**
– Yes, there are some costs associated with acquiring the NMLS license, which include the pre-licensing education, exam fee, background check fee, and continuing education. There may also be costs associated with partnering with a mortgage lender and some of his marketing operational works.
15. **How can I get started with the dually licensed program?**
– For these steps, one must look for the requirements of acquiring an NMLS license in the specified state, procure a reputable mortgage lender that offers the BDM program, and then complete the required steps as prescribed. It is also prudent to seek guidance from professionals already in practice.
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Can you please give our viewers and members of GCA Forums News a comprehensive, detailed overview of the separation, process, and consequences of the differences of criminal versus civil investigations and audits from the Internal Revenue Service?
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What new regulations are currently under consideration?
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Can you elaborate on the recent real estate fraud investigations?
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Privatize government agencies. I am not a fortune teller, but in my opinion, having President Donald Trump as our president is a Godsend. You need to run the government like a business. Basic Business 101 applies to any organization. I can show you example after example. Why is the United States Post Office nearly bankrupt and private courier companies like Federal Express and United Parcel Service showing profitability and earnings growth quarter after quarter, year after year? What President Donald Trump is doing and the changes he is making are that he is thinking like a smart, shrewd businessman. Another case scenario: Let’s say Illinois collects 7.0% sales tax. Say there is EARL’S CHEVROLET DEALER in Chicago. Normally, there is a 3% margin on new cars. So, Earl’s Chevrolet makes 3% profit on every new car they sell and has to pay 7.0% sales tax to the state of Illinois. Therefore, the state earns 7% for each new car sold in the state, and Earl’s Chevrolet makes 3%. Earl Chevrolet is profitable since they know how to live within their means, meticulously watch their profit and loss, and monitor their expenses. However, the state of Illinois is always broke because they do not care about their profitability. Just raise taxes. From the governor of the state on down, nobody loses sleep at night if their books turn into the red territory. NOT THEIR MONEY. Just increase taxes. The state of Illinois is broke and will always be broke. No matter how high their state taxes are, it is not their money. Politicians take care of their special interest groups, such as the police, fire, and teacher’s union and its retirement fund. Illinois pensions for police, fire, and teachers are broke and operating in the red. Pretty soon they will run out of money. Not only does everything the state touches turn to shit, but the state of Illinois and the city of Chicago are in big trouble because they blew millions of dollars, if not billions, in harboring illegal immigrants. Yes, folks, these brainless, incompetent, fraudster politicians spent taxpayer hard-earned money to harbor illegal immigrants without the approval of their constituents. If you correlate how states are managed by politicians and the changes President Donald Trump is making to make America Great Again, government needs to get privatized and run like a business. This is a developing story from GCA FORUMS DAILY HEADLINE NEWS, and we will update you as the story get’s updated.
https://www.youtube.com/watch?v=0wYHRWo2Ins
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This reply was modified 2 months ago by
Gustan Cho.
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This reply was modified 1 month, 4 weeks ago by
Sapna Sharma.
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This reply was modified 2 months ago by
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Sanctuary cities and states pose problems because they cut across the boundary between federal and local jurisdictions, particularly with regard to immigration enforcement activities. Sanctuary jurisdictions like Chicago under Mayor Brandon Johnson and Illinois under Governor JB Pritzker have adopted policies that restrict collaboration with federal immigration offices. These practices often include policies that bar local cops from asking about people’s immigration status or arresting people based on federal immigration detainers.
The Constitution establishes the basis of governance for the U.S. and states that federal law supersedes state and local laws.
The Tenth Amendment, however, does reserve some powers for the states, including the right to abstain from cooperating with some federal programs. Regarding immigration, the federal government has a primary authority. Still, state and local governments are not obliged to execute federal immigration policies under the anti-commandeering doctrine.
Sanctuary Policies and Federal Law
The main goal of sanctuary policies is to allow local immigrant communities to have strong ties with law enforcement without the fear of deportation to the extent that they report crime and allow local police to perform their duties. Such policies do not shield anyone from federal law because the federal government can enforce immigration laws in those areas. Critics of sanctuary policies argue that they tend to offer cover to some very serious criminals.
Supporters, however, argue that their overall effect on the community is to enhance safety through trust.
Legal Implementation and Its Challenges
The Trump administration has sought to strengthen and combat sanctuary policies. The Department of Justice has instructed its prosecutors to look for state and local government officials who undermine federal action on immigration to prosecute them. This requires a look into local laws for non-compliance that may hinder federal action, even to the extent of criminal prosecution.
For example, in Chicago, the DOJ sent down a senior civil servant to look at the possible cooperation of city authorities in some recent ICE actions in raids. This is an important form of ice enforcement to prevent local officials from interfering with the enforcement of federal immigration policies.
Obstacles Towards Prosecution
Major legal difficulties exist in prosecuting state and local governments for operating sanctuary policies. The anti-commandeering doctrine allows state governments the freedom to choose not to force federal dictates. Besides, attempts to withhold federal grants to those ‘sanctuary’ jurisdictions have already been blocked on constitutional grounds.
The border clash of sanctuary policies and federal immigration enforcement poses a considerable legal and moral problem. Immigration laws are stringent, and the federal government aims to enforce them uniformly. In contrast, sanctuary states and cities have their immigration policies directed toward protecting the community and public safety. The changing nature of the law will determine how this issue will be mitigated.
DOJ Probes Activities of Sanctuary Cities about ICE Raids.
https://www.youtube.com/watch?v=PKd0BNrRRGw&list=RDNSPKd0BNrRRGw&start_radio=1
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Excellent, informative advice, Dejon. What you are saying makes all the sense in the world. I think it is best that JD does not breed Chloe and get another potential mom as the German Shepherd mother for his litter of puppies.
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At present, there is no evidence suggesting that President Donald Trump or any of his administration wished to impose sanctions against Federal Reserve Chairman Jerome Powell after the decision to keep interest rates the same on January 29, 2025. The Federal Reserve functions as a self-sufficient body. The President can make comments, but central bank policies are made based on analyses and data.
In the past, President Trump has openly criticized Chairman Powel’s monetary policies, especially his reluctance to lower interest rates as one of the major tools to increase economic activity. Still, he has not moved to dismiss or replace Powell. In any case, it should be made clear that the President does not have such arbitrary power to get rid of the Chairman of the Federal Reserve; there has to be sufficient reason and procedure to allow for such a decision.
President Trump will have avenues to exercise power over the Federal Reserve through forthcoming appointments. Chairman Powell’s term will end in May 2026, while other positions in the Federal Reserve’s Board of Governors will be available even before that. These are important as they will permit the government to determine the Federal Reserve’s strategy concerning monetary policy.
To sum up, although President Trump remains unhappy with the Federal Reserve’s latest action, it does not seem that he is actively trying to take action against Chairman Powell. The administration will continue to pursue its preferred economic policies while observing the Federal Reserve’s independence.