Well, I am new to this forum, I just passed my brokers test and had a question...

I am filling out the application RE 436, my question is about Part C. There are two options.

option 1) I WILL be working in RE in which a Lic. is req.
option 2) I WILL NOT be working in RE in which a Lic is req.

also, yes or no "Upon becoming Licensed, will you, for compensation, make or arrange (broker) loans secured by real property?"

Well, I work at a bank where I dont need a RE lic, I dont plan on setting up formal shop anytime soon, but I do within the next month or two plan on buying real estate for myself and also plan on representing my friends and family soon.

I want to know what the repercussions are of these options, I do not want to limit my License capabilities. What should I check. And If I check no to brokering loans upon licensing and WILL NOT be working in RE upon licensed, does that mean I will have to revise my response later if I ever do want to buy RE & broker loans?

You plan to represent friends and family, and possibly want a commission for representing yourself for your own deals. That means you check option 1.

You will be arranging loans, even though you don't need your broker's license to arrange loans as an employee of a bank, so the honest answer to that question is "yes" you will be making and arranging loans.