Dual Comp

An Introduction to the Dual Compensation Platform

Education Instructions:

In order to continue through our process, please complete the questions below. The answer to the following true or false questions are all based on the video found above. You will not be scored for correct or wrong answers, but all questions do need an answer. This quiz is just to ensure you have absorbed critical material. If you get a question wrong, the right answer and why it is the right answer will be displayed. When you are finished, submit the update at the bottom for the next phase of the process.

1. AnnieMac Home Mortgage is a regional mortgage loan provider dedicated to the principle of service — to our clients, our employees, and our business partners.
AnnieMac Home Mortgage is a national mortgage loan provider dedicated to the principle of service — to our clients, our employees, and our business partners.
2. Two of the benefits of this platform is that it allows you, “The Agent”, to provide added value to your buyers, while earning additional income on the real estate transaction.
This is a true statement.
3. Your compensation on each transaction will be 30bps (basis points).
Your compensation on each transaction will be 40bps (basis points) first year and 50 bps (basis points) second year and each additional year after.
4. As a RELO (real estate loan officer) you will be required to lock rates and order appraisals.
These are the responsibilities of your Internal LO partner, not the RELO.
5. AnnieMac and its division will disclose all State and Federal Mortgage Disclosures.
This is a true statement.
6. AnnieMac and its division will disclose all real estate disclosures on your behalf.
AnnieMac will only disclose state and federal mortgage disclosures. The RELO is required to disclose all Real Estate disclosures required by each individual state.
7. The RELO (real estate loan officer) position is a full-time position.
A RELO at AnnieMac is a part time position.
8. There is no out of pocket expense to you, the RELO (real estate loan officer) to join AnnieMac as a part time mortgage loan originator.
This is a true statement.
9. A RELO (real estate loan officer) can originate purchase and refinance transactions.
This is a true statement.
10. Part of a RELOs (real estate loan officer) responsibility is to have their borrowers complete the initial application.
This is a true statement.
11. Part of a RELOs responsibility is to collect financial information.
This is a true statement.
12. The RELO is able to earn commissions as a loan officer if they are the agent for buy side and sell side.
The RELO is only able to earn commission if they are the agent on the buy side of the real estate transaction.

By submitting this form, you are updating the existing information within our systems for record ID: null belonging to null null (null) and indicating that you have absorbed the material presented. Your information will be updated with that immediately and you will continue in our Dual Comp process.

You are attempting to complete an update to a record existing in our system that is not generated on this page properly. In order to update a record with the information this page provides, please navigate to the email sent and follow the link provided.