Your Team During a Home Purchase

Title Insurance with AmeriTitle


Buying a home? Here are some of the service providers and their roles during your purchase...



Lender or Mortgage Company


If you plan to get a mortgage loan, connecting with a lender or mortgage broker is your first step in buying a home.


What’s the difference between a lender and a mortgage company?


A lender is a financial institution that makes loans directly to you. A broker does not lend money. A broker finds a lender. A broker may work with many lenders.


Whether you use a broker or a lender, you should always shop around for the best loan terms and the lowest interest rates and fees.


REALTOR® or Real Estate Agent


All REALTORS® and Real Estate Agents are required to be licensed by the state to represent buyers and sellers in property transfers.


A REALTOR® is a real estate agent who is a member of the National Association of  REALTORS®, which means that he or she must uphold the standards of the association and its code of ethics.


Listing Agent: This is the agent who ‘lists’ the property for sale. They represent the seller and assist in the marketing and sale of the home.


Selling Agent or Buyer’s Agent: This is the agent who works with the buyer. They will assist in locating a home to purchase and presenting the offer along with many other services.


Typically, the commission for both the listing agent and the selling agent is paid by the seller.


Title & Escrow Company


Title Examiner: They will do extensive research of recorded documents to aid in the elimination of many possible hidden risks that can undermine the validity of title ownership. They will also issue the title insurance policy when the transaction closes.


Escrow Officer: This person acts as a neutral third party during your sale or purchase. They will monitor the transaction, prepare closing documents, coordinate the closing, disburse funds, and more.



Others who may become involved in your transaction are an attorney, the home inspector, appraiser, and your home owner insurance provider.



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Jennifer Ferri
Title Junction, LLC - Fort Myers, FL

Great post! It is important that buyers and sellers are aware of all of the people involved in selling a home.

Jun 18, 2015 02:31 AM #1
Rosi Green
AmeriTitle - Silverton, OR

Thanks for reading, Jennifer. 

Jun 18, 2015 06:16 AM #2
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