You may feel suspicious when your real estate
agent readily recommends a lender who can “give you
a good deal.” You may know that some real estate
agents illegally get kickbacks from referrals.
However, some real estate
agents, builders, or brokers really are looking out for
your best interest – and may even be able to swing some
things in your favor. Why would they make a
recommendation?
First of all, it’s in their
best interest for you to receive funding from someone
reliable. They want their commission from the sale
and if you walk away without a house, they walk away
empty-handed, too.
You may receive special
attention as a referral and eliminate much of the red
tape others have to go through. This can help if
you’re in a hurry to place an offer on a house and don’t
want the competition to get the home first.
Disclaimer: The information
provided in this site is not legal advice, but general
information on financial issues commonly encountered. We
shall not be liable for any errors in the content or for
any actions taken in reliance thereon. Please consult
your financial
advisor.
