I work at a commercial mortgage bank on the Commercial Mortgage Backed Securities trading/ structuring side, do you think my boss would be alarmed if I asked him if I could hang my license at different firm to do do single family residential sales brokerage, potentially commercial? My mortgage bank has an investment sales team but it’s small, and in another state, and my team doesn’t interact with them at all.

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If it means you’ll be spending time during the day working on single family mortgages then yeah he would probably be concerned as I’m sure his expectation is for you to spend regular work hours doing the work he pays you for (CMBS). Now if all he cares about is you meeting certain criteria/volume and doesn’t care how or when you do it, then maybe there’s less concern?

Again, I would be working on single family sales not mortgages, and I would be working in a part time/ assistant capacity at the other shop hopefully on the weekends/ after work. My team executes trades, so there is no quota, just executing on behalf of our originators.

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