Currently working as a receptionist at a big commercial real estate mortgage banking firm (think Walker Dunlop, JLL, etc). I have a family member who’s a developer and asked me if he can get a loan through my company. Question is, if I’m not officially an originator, will I still get compensated in some way for bringing in new business?
Thanks in advance!
| +24 | Hotel Recruiters | 14 | 2d |
| +15 | Senior Living Modeling Help | 5 | 21h |
| +15 | Rate Hikes | 5 | 12h |
| +12 | Leaving Self-employment for Commercial Real Estate Brokerage | 2 | 3d |
| +9 | REPE Analyst Firm Advice | 1 | 1d |
| +7 | KeyBank RE Underwriting | 6 | 3d |
| +3 | LIHTC Syndicator Comp | 1 | 13h |
| +3 | BGO REPE LDN | 1 | 22h |
| +3 | Overtime approval | 5 | 1d |
| +3 | What are the best undergrad schools for placing in real estate finance? | 7 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
If there’s an originator you have a rapport with definitely mention it and see what they are willing to offer you. It will probably have to be under the table because many of these firms do not allow salaried administrative staff to accept commissions or fees.
They may suggest 10-20% depending on how much they value the relationship with you and your uncle. Again, you’re going to have to trust their word and assume they will honor it.
Separately, I’d shamelessly be open to doing the financing and will provide you with a fee sharing agreement in writing up front. PM me if you have any more questions. I’ve paid a lot of referrals ($100k+) to say the least.
Isn't paying a referral to a non-licensed person not allowed?
I run my own shop. I can pay her for “consulting services”.
I guess my first question is: do you have a license? You technically can’t accept commissions, and your company can’t pay you said commission, unless you are licensed.
You're a receptionist? I thought you were an underwriting analyst not long ago...
Est debitis accusamus sed rerum. Voluptate incidunt voluptatem quia. Suscipit omnis similique repellat provident. Illum iusto molestiae sit tempora. Saepe voluptas ut sunt magni est rerum dicta. Aut eos ipsum assumenda velit cumque similique.
Ipsa quisquam iusto tenetur qui aut hic exercitationem. Exercitationem soluta aut quis sunt.
Eos non debitis sed iste porro minus. Nam sit neque aperiam qui. Ut error pariatur aut quaerat quas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...