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Reverse Mortgages and Brokerage

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Apr 20, 2009 4:12 pm

I am registered to do reverse mortgages and was doing them before getting into the brokrage industry. I’m not currently doing them but would like to. I was told by a friend I can’t legally do financial advising/insurance and reverse mortgages it’s a one or the other deal. Does anyone know anything about this issue?

Apr 20, 2009 5:49 pm

You can legally do both.  That being said, legality is a moot point because it is very doubtful that your B/D will allow this as an outside business activity.