On June 1, nearly 7,200 mortgage loan professionals are in danger of losing their licenses. Deanna Sabey, director of the Utah Division of Real Estate, said if Utah mortgage professionals fail to transition to a new federal Nationwide Mortgage Licensing System by May 31, they could lose their licenses. But so far, only 28% of the licensees have completed requirements.
Thousands of brokers face losing mortgage licenses
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With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.
