{"id":38359,"date":"2019-05-29T08:47:00","date_gmt":"2019-05-29T12:47:00","guid":{"rendered":"https:\/\/www.northeastmortgages.ca\/?p=38359"},"modified":"2021-02-06T01:18:52","modified_gmt":"2021-02-06T00:18:52","slug":"if-youre-getting-into-mortgage-brokerage-do-it-for-the-right-reasons","status":"publish","type":"post","link":"https:\/\/www.nordest.ca\/blogue\/en\/if-youre-getting-into-mortgage-brokerage-do-it-for-the-right-reasons\/","title":{"rendered":"If you\u2019re getting into mortgage brokerage, do it for the right reasons"},"content":{"rendered":"

Movies and television may leave some with the impression that getting into real estate is a quick and easy way to get rich.<\/span><\/span><\/span><\/p>\n

But the reality is that the business is difficult to navigate, and requires a lot of hard work and attention to detail. <\/span>It’s a career that comes with a great deal of responsibility, according to North East Mortgages President Terry Kilakos.<\/span><\/span><\/span><\/p>\n

\u201cSome people watch Million Dollar Listing, they get into it, because they like HGTV, and they think they’re going to become instant millionaires by having a real estate license,\u201d Kilakos said. <\/span><\/span><\/span><\/p>\n

\u201cA lot of brokers, what they’re going to do is they’re going to basically put themselves in situations where they’re going to underperform for their clients, because they don’t realize just how much work is entailed,\u201d he said. <\/span>\u201cIf you’re going to get into this industry, don’t get into it for the wrong reasons \u2014 get into it because you love it.\u201d<\/span><\/span><\/span><\/p>\n

One problem Kilakos often sees is brokers thinking they are able to do the job on the side, as something to supplement their income from another job. <\/span>When someone hires you, they’re hiring someone to take care of one of the biggest purchases they’re going to make in their lives. <\/span>It’s not the kind of thing that can be done properly on a part-time basis, he said.<\/span><\/span><\/span><\/p>\n

RELATED: <\/span><\/span><\/b> Changes to real estate regulation is good for consumers<\/span><\/span><\/span><\/a><\/p>\n

RELATED: <\/span><\/span><\/b> Mortgage fraud happens. <\/span>Here’s how to avoid it.<\/span><\/span><\/span><\/a><\/p>\n

\u201cObviously, you want to make money, but give it the time and energy that it deserves, right now, and give your clients the time and energy that they deserve,\u201d Kilakos said.<\/span><\/span><\/span><\/p>\n

It’s more than a job, it’s a career, he said. <\/span>And if you’re not willing to put in the hustle to do it full time, you’re doing a disservice to your clients and to the industry.<\/span><\/span><\/span><\/p>\n

info@nordest.ca<\/span><\/span><\/span><\/a><\/p>\n

Get to know Terry Kilakos personally in this interview with Kelly Alexander!<\/span><\/span><\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Movies and television may leave some with the impression that getting into real estate is a quick and easy way […]<\/p>\n","protected":false},"author":3,"featured_media":38319,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"featured_image_urls":{"full":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11.jpg",3000,1996,false],"thumbnail":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11-150x150.jpg",150,150,true],"medium":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11-300x200.jpg",300,200,true],"medium_large":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11-768x511.jpg",768,511,true],"large":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11-1024x681.jpg",1024,681,true],"1536x1536":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11.jpg",1536,1022,false],"2048x2048":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11.jpg",2048,1363,false],"post-thumbnail":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11-150x100.jpg",150,100,true],"melissa-img-706-471":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11-706x471.jpg",706,471,true],"melissa-img-706-auto":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11-706x470.jpg",706,470,true],"melissa-img-1200-auto":["https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11-1200x798.jpg",1200,798,true]},"post_excerpt_stackable":"

Movies and television may leave some with the impression that getting into real estate is a quick and easy way to get rich. But the reality is that the business is difficult to navigate, and requires a lot of hard work and attention to detail. It’s a career that comes with a great deal of responsibility, according to North East Mortgages President Terry Kilakos. \u201cSome people watch Million Dollar Listing, they get into it, because they like HGTV, and they think they’re going to become instant millionaires by having a real estate license,\u201d Kilakos said. \u201cA lot of brokers, what…<\/p>\n","category_list":"Mortgage<\/a>","author_info":{"name":"North East Mortgages","url":"https:\/\/www.nordest.ca\/blogue\/en\/author\/delmar\/"},"comments_num":"0 comments","yoast_head":"\nIf you\u2019re getting into mortgage brokerage, do it for the right reasons - Blog sur l'immobilier et les pr\u00eats hypoth\u00e9caires- Nordest.ca<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nordest.ca\/blogue\/en\/if-youre-getting-into-mortgage-brokerage-do-it-for-the-right-reasons\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If you\u2019re getting into mortgage brokerage, do it for the right reasons\" \/>\n<meta property=\"og:description\" content=\"Movies and television may leave some with the impression that getting into real estate is a quick and easy way […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nordest.ca\/blogue\/en\/if-youre-getting-into-mortgage-brokerage-do-it-for-the-right-reasons\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog sur l'immobilier et les pr\u00eats hypoth\u00e9caires- Nordest.ca\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NorthEastNordEst\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-29T12:47:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-06T00:18:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nordest.ca\/blogue\/wp-content\/uploads\/2019\/05\/handshake-stock-xFCIB12Mar2014_11.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3000\" \/>\n\t<meta property=\"og:image:height\" content=\"1996\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"North East Mortgages\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NorthEastFirm\" \/>\n<meta name=\"twitter:site\" content=\"@NorthEastFirm\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"North East Mortgages\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.nordest.ca\/blogue\/en\/if-youre-getting-into-mortgage-brokerage-do-it-for-the-right-reasons\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.nordest.ca\/blogue\/en\/if-youre-getting-into-mortgage-brokerage-do-it-for-the-right-reasons\/\"},\"author\":{\"name\":\"North East Mortgages\",\"@id\":\"https:\/\/www.nordest.ca\/blogue\/#\/schema\/person\/197a13e6e0b00c4673712ba9d37d309a\"},\"headline\":\"If you\u2019re getting into mortgage brokerage, do it for the right reasons\",\"datePublished\":\"2019-05-29T12:47:00+00:00\",\"dateModified\":\"2021-02-06T00:18:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.nordest.ca\/blogue\/en\/if-youre-getting-into-mortgage-brokerage-do-it-for-the-right-reasons\/\"},\"wordCount\":337,\"publisher\":{\"@id\":\"https:\/\/www.nordest.ca\/blogue\/#organization\"},\"articleSection\":[\"Mortgage\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nordest.ca\/blogue\/en\/if-youre-getting-into-mortgage-brokerage-do-it-for-the-right-reasons\/\",\"url\":\"https:\/\/www.nordest.ca\/blogue\/en\/if-youre-getting-into-mortgage-brokerage-do-it-for-the-right-reasons\/\",\"name\":\"If you\u2019re getting into mortgage brokerage, do it for the right reasons - 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