It's a strange business that we are in, sharing clients... Loan Officers and Real Estate Agents
It's a strange business that we are in. It seems that we are responsible for every part of everything sometimes and other times we don't dare even be present when things are happening for fear of it being taken as an attempt to influence.
Usually my clients want me to review their settlement statements before they sign them. I need a signed copy of all settlement statements in my files. I was taught early on, in my real estate career, that it's ultimately the broker's responsbility and I take my responsibilities seriously. Would a closer resent me going over the settlement statement and asking questions or pointing out what appeared to be errors? Some do and some don't, but I do it anyway.
When the closing is taking place and my buyers are signing their mortgage, they usually want me in in there. Sometimes I've been able to shed a little light on something, sometimes I'm just a bystander, providing moral support while they initial and sign page after page. But in that process, I want to make sure that their numbers are right and agree with what they've been told by the lender.
I recently had a buyer contact his bank for pre-approval on the morning that he was getting ready to sign his offer on a home that he wanted to purchase. His loan officer told him to bring the contract to him and let him look it over before the client signed it. First time I've had that happen. I use the contracts and related forms that the Oklahoma Real Estate Commission makes available and could not imagine what would be cause for concern. I guess there wasn't any cause for concern, buyer signed contract with Echosign that night.
It's a strange business that we're in sometimes, overlooking each other's work and sharing clients.
When it's time for the appraiser to show up, I am the door unlocker at best, even though we may be sharing the same client. Home inspector time, I sometimes have to be there because the buyer can't be.
I love this business. It's different every day and it keeps evolving. I like my i's dotted and my t's crossed. The business that we are in greatly affects the lives of our clients and it is ultra important that it be done with care, knowledge, and responsbility. AND CAREFULLY.
Hope this week has treated you well.