REAL ESTATE AGENTS ARE NOT COMPETING WITH LOAN OFFICERS, APPRAISERS OR HOME INSPECTORS.
REAL ESTATE AGENTS MANAGE REAL ESTATE TRANSACTIONS. Since a real estate transaction will generally include a mortgage loan, an appraisal and a home inspection, we are engaged in one of the most symbiotic relationships in the business world. We real estate agents represent buyers or sellers in the purchase or sale of homes. We are not the loan officers, appraisers or home inspectors. Some agents may perform mortgage broker services but that is a statistically irrelevant percentage. However, that doesn't mean that we are not involved in the financing, appraisal and home inspection aspect of that real estate transaction. Buyers and sellers rely on their real estate agents for guidance and to make sure that that buyer or seller gets to the settlement table.
APPRAISERS ARE CRITICAL TO THE HOUSING INDUSTRY. I have a tremendous admiration for the contribution made by appraisers to the housing industry. I am of the opinion that, considering the critical nature of their contribution, the training and experience needed to perform their job, appraisers are paid far less than their contribution warrants.
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LOAN OFFICERS ARE CRITICAL TO THE HOUSING INDUSTRY. Since most residential home buyers will need financing, a loan officer will usually be involved in the home buying process. The interaction between the real estate agent and the loan officer is vitally important. As agents, we appreciate the expertise and knowledge base of the complicated mortgage alternatives and details that help our home buyers succeed in achieving their goal.
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HOME INSPECTORS ARE CRITICAL TO THE HOUSING INDUSTRY. The home inspection contingency serves buyers well and we rely on the experience and expertise of home inspectors to protect our home buyers from purchasing properties that are not in good repair. I read the ActiveRain posts of home inspectors with great admiration and appreciate the insights that we gain.
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REAL ESTATE PRACTITIONERS ARE CRITICAL TO THE HOUSING INDUSTRY. Fact is, real estate agents are more closely involved with every aspect of the purchase/sale transaction than either home inspectors, loan officers and appraisers. We are the representatives of the buyers and sellers and manage the transaction from search to settlement. There are no "off limits" areas when the involvement of other entities affect our buyers and sellers goals are involved.
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From the four year history of my ActiveRain blog, I know full well that:
- If an agent mentions financing in a post, we'll be corrected by loan officers.
- If an agent mentions appraisals in a post, we'll be corrected by appraisers.
- If an agent mentions home inspections in a post, we'll be corrected by home inspectors.
WE AREN'T COMPETING, WE'RE WRITING ABOUT OUR EXPERIENCE. If a real estate agent performs their job well, we cannot avoid interaction with loan officers, appraisers an home inspectors. So, if we are involved in every aspect of the home buying process, we may want to write about some of those experiences, ideas or situations on ActiveRain. There is no aspect of the real estate industry that is off limits for agents.
- REAL ESTATE AGENTS OFTEN REFER BUYERS TO LOAN OFFICERS.
- MORTGAGE COMPANIES ORDER APPRAISALS.
- REAL ESTATE AGENTS OFTEN REFER BUYERS TO HOME INSPECTORS.
The symbosis is clear. We are all interested in the success of a real estate CONTRACT OF SALE and helping the consumers of our services achieve their goals.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.
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