
Role of the Broker
Free mortgage loan tutorial - Real Estate Broker
Although real estate brokers provide helpful advice on many aspects of home buying, they serve the interest of the seller, not you, the buyer. The broker?s basic objective is to obtain a signed contract of sale which properly expresses the agreement of the parties, and to complete the sale. However, as State licensing laws require that the broker be fair in his dealings with all parties to the transaction, you should feel free to point this out to the broker if you feel you are being treated unfairly. If you have any questions concerning the conduct of an agent or broker, you should contact your State Real Estate Commission or licensing department. A broker may recommend that you deal with a particular lender, title company, attorney, or other provider of settlement services. Ask brokers why they recommend a particular company or firm in preference to others. Advise them that while you welcome their suggestions (and, indeed, they probably have good contacts), you reserve the right to pick your own providers of services.
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