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Are Mortgage lenders restricted from owning a real estate brokerage.

  1. fdoleac profile image58
    fdoleacposted 6 years ago

    Banks are not allowed to own and operate real estate companies.  Are mortgage lenders or mortgage brokers also restricted.  GMAC owns both and I would be interested in knowing how they structure the entity that is legal.

    1. sarahbarret profile image60
      sarahbarretposted 5 years ago in reply to this

      With Lease-Options - you can work out problems with suppliers, mainly those who cannot accept below market value offer 25% more.Overseas investment property is significant financial planning, but also gives you some great tax advantages. Even if the market moves across the industry, real estate buying and selling is always a good sector to be involved in.

  2. Big Guy profile image61
    Big Guyposted 6 years ago

    I am pretty sure that is regulated by your state Department of Commerce.

    1. fdoleac profile image58
      fdoleacposted 6 years ago in reply to this

      Thanks Big Guy - I will follow that resource.