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   Tom Miller

  Mortgage Broker Sharing Open Area Office with a Realtor

  Tom Miller Posted on August 1, 2026 at 4:19 am   |  State: Illinois  | Total Activities:  46

  I am looking for an office space in a storefront on a high-traffic street. There are 15 states or so that require a distance from personal residence to the branch of the lender or the home office. Most of our MLOs are remote loan originators and will not come to the office. My good friend, a real estate agent and real estate broker, plans on leasing the 500-square-foot office in a strip mall and sharing 50/50. In the eyes of the NMLS and state regulators, is this going to be fine without any personal offices for real estate agents and mortgage loan originators? What are the rules and regulations in sharing an office where there are no divided rooms, lock and keys, and a list of what the requirements are? Thank you..

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  View Last Reply: Tom Miller replied 16 hours, 53 minutes ago  |  Participants:   1 Member |   1 Reply