The current challenging realty market conditions have created a wealth of opportunity for Realtors looking for real estate jobs. There has never been a better time for industry related jobs. Many realty agents are also commissioned notaries. This winning combination has always had a good source of realty jobs. However, many listing agents and buyer agents are not aware of the opportunities they truly qualify for.
Many real estate professionals who are also commissioned notaries are accustomed to collecting nominal fees for notarizing documents. However, with the influx of reduced mortgage interest rates, homeowners are looking for lines of credit or refinances in order to access equity in their home. In many states a Notary can witness the signing of closing documents for home equities loans and refinances. This job opportunity is referred to by many titles such as: Mortgage Signing Agent, Mortgage Notary, Notary Signing Agent and Signing Agent.
The wonderful thing about this type of work is that you get to use your existing skills as both a realtor and a notary, to make additional income. Signing agent assignments can pay an average of $60 – $100 per assignment. Given current mortgage interest rates your earning potential can average $320 per day, depending on your market. You have the potential to generate just under $1000 for three days work. Equally as advantageous to the earnings capability, you get to meet homeowners you may otherwise not have met. The introduction to these people is a warm call as a real estate professional. Now they can become part of your mailing list for regular updates on market conditions and any other promotional items you may use as a Real Estate Agent. By expanding your sphere of influence through signing agent assignments, you also increase you pool of prospects for listings down the road.
A reduction in closings does not have to mean a reduction in income. There are many publications available that can guide you through the process of getting established as a Signing Agent. I have found The Notary Signing Agent Guide to be one of the better resources. There are over 105 companies that provide assignments for Notaries that are also real estate professionals. The guide has helped me to generate extra income and grow my real estate business.