Maryland is one of the U.S. states with a significant growth in real estate developments. The state authorities enacted several regulations to curb real estate crises witnessed in the previous years. Their efforts have made commercial and residential properties to be consumer friendly. Furthermore, the median price of homes in Baltimore hit $243,000 as of 2016.
Role of Real Estate Agents in the Industry
The real estate sector of Maryland attributes much of its growth to developers such as Todd Lubar. Lubar is a Syracuse University alumnus, who ventured into the industry back in 1995. His career progressed due to his ambition to learn every aspect of the sector and help others. He first worked as a contracted loan originator for a mortgage banking company known as Crestar Mortgage Corporation.
Lubar gained most of his experience in mortgage banking from Crestar Mortgage Corporation. Due to his passion for transforming the real estate sector, he built relationships with established real estate agents, CPAs, financial planner, and insurance agents. He currently enlists the help of these specialists who are part of his referral base.
Just like Todd Lubar, the role of agents in this lucrative industry is to establish good relations with diverse stakeholders. Their role is to make a move and take advantage of every opportunity that comes their way. Lubar accepted the job Legendary Financial Group offered him as his career advanced. His job involved brokering loans to investors. He also acted as a direct mortgage bank for clients.
Todd Lubar’s Creations
Todd Lubar came up with several companies after he completed his tenure at Legendary Financial Group. One of the most successful companies he created was Legendary Properties, LLC. The firm’s sole mission is to serve clients with affordable and quality residential solutions. Legendary Properties usually invests in the construction and development of single family homes and multi-family homes.
Lubar is also known as the brains behind the famed Charter Funding. The financial services company operates as a mortgage banking arm of First Magnus Financial Corporation. Lubar founded the two companies with a vision of growing his business as well as serving the underserved. Legendary Properties, LLC, targets clients who have been denied access to loans by other lending corporations. More details can be found on Crunchbase profile.
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