Frequently Asked Questions:



Do you need to be licensed?

>>    Yes, you need to have an active Real Estate Sales or broker's license.
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Can you sell real estate & originate mortgage loans?

>>    Yes, you can do both.
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Can you open a branch office?

>>    Yes, you can request an approval to open your own branch.
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Do you need to be experienced?

>>    No, but you should attend available training classes.
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Which loan origination software is used?

>>    Calyx Point.
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Do you provide advertising & marketing?

>>    We provide referral companies, services and tools.
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How long has the corporation been in business?

>>    Since 2003.
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Can you work from home or office?

>>    Yes, you can work from your home or lease an office.
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Does First Rate Real Estate Solutions provide leads?

>>    No, we only refer you to lead generating companies.
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Do you have real estate associations?

>>    We have various real estate associations throughout California.
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Do you have errors and omissions insurance?

>>    Yes, there is a $125.00 fee per funded/closed transaction.
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Can you process your own loans?

>>    Only after you have established enough trust. It will be on a case by case basis.
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Who locks your loans?

>>    You or the processors are responsible for loan locks.
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Can you originate out of state loans?

>>    Yes, but there is an extra fee for out of state loans.
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Can you sign up to any multiple listing service?

>>    Yes, You can sign up with a multiple listing service.
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How do you get real estate signs?

   
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How do you get business cards?

    Omni Digital Services
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What if you want your own website?

    Contact Webdesignology
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How often are commissions paid?

>>    48 hours after reception of check and file.
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Can you sign up with additional lenders?

>>    Yes, if a new lender is needed, we will sign up.
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Are you an employee or independent contractor?

>>    You are an independent contractor and given a 1099 annually, not an employee.
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Does marketing and advertising need to be approved?

>>    Yes, all marketing and advertising needs to be approved.
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Is there training with sales and marketing?

>>    There is periodically training for sales and marketing.
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