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Buying a Home Info.com - The Home Buying Resource on Home Buyers |
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Buying a Home - the role of a realtor
Buying a Home - The role of the Real Estate Broker Frequently, the first person you consult about buying a home is a real estate agent or broker. Although real estate brokers provide helpful advice on many aspects of home buying, they may serve the interests of the seller, and not your interests as the buyer.
The most common practice is for the seller to hire the broker to find
someone who will be willing to buy the home on terms and conditions that
are acceptable to the seller. Therefore,
the real estate broker you are dealing with may also represent the seller.
However, you can hire your own realtor, known as a buyer’s broker, to represent your interests. Also, in some states, agents and brokers are
allowed to represent both buyer and seller. Even
if the realtor represents the seller, state real estate
licensing laws usually require that the broker treat you fairly. If you
have any questions concerning the behavior of an agent or broker, you
should contact your State’s Real Estate Commission or licensing
department. Sometimes,
the real estate broker will offer to help you obtain a mortgage loan. He
or she may also recommend that you deal with a particular lender, title
company, attorney or settlement/closing agent. You are not required to
follow the real estate broker’s recommendation. You should compare the
costs and services offered by other providers with those recommended by
the real estate broker. >>Find out how to select a Realtor when buying a house
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