I’m in Des Moines and finding that most realtors and lenders are notaries. They sign and notarize their own closings. Wondering if that is legal?
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Most lenders do have notaries just for that purpose - to notarize their own documents/paperwork/transactions and it’s okay. Realtors have a financial interest so many times it’s frowned upon, depending on state ethics laws.
I know in CT, attorneys are also Commissioners of the Superior Court and as such can notarize the documents associated with the loans they close.
Very state specific ethical issue.
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A serious conflict of interest if this is what is happening. They risk losing their realtor license and their notary commission.
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Like LindaH-FL said.
Who would wanna risk losing their hard-earned licenses to keep notary fees?
Common sense, conflict of interest. They should NOT be notarizing something that stand to gain from!