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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Read the two applicable code sections.. Posted by Ward-CA- on April 02, 2004 at 3:33 PM In Reply to: forec;losure consultant -- Ward? posted by zachary on April 01, 2004 at 1:47 PM : : Ward, : : : : I was told that inorder to collect moeny for services under the foreclosure consultant civil code that you must be a lic. real estate agent. : : I read thru the code and did not find that....may be I misread. : : the reason I'm asking is that I'm working with a few people in foreclosure to get hard money loans. these are people that are in the beginning of the NOD, have jobs, decent equity and the desire to keep their homes. They'll refinance thru some one esle any ways so I might as well make something on it when they call. : : I have a local HML lender that will lend to these people based on equity and income, and wil lpay me 1 to 2 points per loan. : : Do i need to be a real estate agent to leagally be a foreclosure consultant?? : : : : thanks : : zachary ============== Zachary, If you fit the designation of "representative" as described in Calif. Civil Code Section 2945.9 (b) then you are required to have a real estate license according to CCC Section 2945.11 Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward, : : : : : : I was told that inorder to collect moeny for services under the foreclosure consultant civil code that you must be a lic. real estate agent. : : : I read thru the code and did not find that....may be I misread. : : : the reason I'm asking is that I'm working with a few people in foreclosure to get hard money loans. these are people that are in the beginning of the NOD, have jobs, decent equity and the desire to keep their homes. They'll refinance thru some one esle any ways so I might as well make something on it when they call. : : : I have a local HML lender that will lend to these people based on equity and income, and wil lpay me 1 to 2 points per loan. : : : Do i need to be a real estate agent to leagally be a foreclosure consultant?? : : : : : : thanks : : : zachary : ============== : Zachary, : If you fit the designation of "representative" as described in Calif. Civil Code Section 2945.9 (b) then you are required to have a real estate license according to CCC Section 2945.11 : : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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