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prima:Can a real estate broker make a sale, as well as purchase and originate a mortgage loan?

Financial Institutions Commissioner Natalia Zequeira warns of the risk of ethical conflicts and double commissions in the practice that is gaining ground in Puerto Rico

May 7, 2025 - 1:31 PM

The promotions of agencies that recruit real estate brokers to obtain a Mortgage Loan Originator (MLO) license in order to charge a double commission for the same transaction have gained popularity on the island. (Shutterstock)

If you have come across a real estate broker and he or she indicates that you can also originate your mortgage loan, this practice is not prohibited in Puerto Rico, but it is not necessarily appropriate and is beginning to create concern within the real estate and financing sector in non-depository entities on the island.

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