Home Buying in Jacksonville>Question Details

Kenneth, Home Buyer in Jacksonville, FL

Is it safe to use a real estate agent referral from a mortgage broker.?

Asked by Kenneth, Jacksonville, FL Mon Sep 22, 2008

We've received a mortgage broker referral from dear friends of ours who we trust. We do not as of yet have a real estate agent, however we are looking for one, and the broker has given us a referral to an agent he likes. Is this a relatively common and safe practice, in general?

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9
Kenneth,

It's all about trust...if you meet with the agent and make him/her aware of your discomfort initially.....it might make a world of difference...put your cards on the table.

Our suggestion is to make your first meeting one of gathering information and try to get a feel for wheather or not this person is someone you would feel comfortable working with.

The mortgage agent is comfortable working with this agent but in this case, you need to be the one that is comfortable.

Good luck,
The "Eckler Team"
1 vote Thank Flag Link Tue Sep 23, 2008
Kenneth

Mortgage Brokers usually give referrals to Realtors who have proven their efficiency. I would expect that the Realtor your Mortgage Broker has referred to you has earned the privilege of receiving the broker's referrals by providing exceptional service.

I would suggest you definitely include this Realtor among those you are interviewing. The purchase of a home is a very personal financial quest. Interviewing several Realtors will assure that in additon to exceptional service you find someone whose professionalism, work ethic, efficiency and personality is a good fit for you and your family. It is important that you and your Realtor are on the same page, find ease in communicating and that you share comfort and trust in each other.

Cathy Sloan
RE/MAX Specialsits
Web Reference: http://www.cathysloan.com
1 vote Thank Flag Link Mon Sep 22, 2008
Ultimately the choice needs to be yours--however, you might talk to that agent and essentially interview them, to see if it is a good fit. Ultimately that realtors allegiance should be to you. The other issue might be if that mortgage is going to be the best deal for you. I would always check with at least three lenders to see which bank will get you the best product for your needs.
Web Reference: http://www.MykeTriebold.com
1 vote Thank Flag Link Mon Sep 22, 2008
Good morning Kenneth,

Ultimately, you need to find a realtor that you are comfortable working with. Yes, the referral is a good referral, if you like the agent. Most mortgage brokers that I have worked with in the past have referred customers to me. This does make the transaction run smoother as the lines of communication between the mortgage broker and agent are already established and they already have a good working relationship. They should both have your best intentions in mind ,as, neither will get paid if your deal does not close.

Good luck with your house hunting....

nancy m bateh
exit southern heritage realty
904.860.8102
nancybateh@exitrealtyjax.com
0 votes Thank Flag Link Tue Sep 23, 2008
Absolutely Kenneth! There are a lot of Realtors and Mortgage Brokers that have a great working relationship together, and trust each other in business. If you are comfortable with the Mortgage Broker, you will most likely be comfortable with the agent! Best of luck! Happy house hunting!

Mary Beth Schillig
Prudential Network Realty
0 votes Thank Flag Link Mon Sep 22, 2008
I would think so. If you are using this broker and he is use to working with this agent it may make the transaction run a little smoother.
0 votes Thank Flag Link Mon Sep 22, 2008
I would think so. If you trust your dear friend, have the same values and know that they will refer you the best mortgage broker and they truly are happy with the mortgage broker, the quality of work he/she does, the value he/she brings, then you will probably be O.K with the referral.

Ask the mortgage broker why he thinks this Realtor is so great though. And in the mean time, interview this realtor, make sure you understand what he/she will offer and that you enjoy working with each other and can communicate clearly and go from there.

Best,
Sylvia Barry
Marin Realtor
0 votes Thank Flag Link Mon Sep 22, 2008
Sylvia Barry,…, Real Estate Pro in Marin County, CA
MVP'08
Contact
Oh I do think that would be a good referral for you. Mortgage Brokers know quiet a bit about the Agents that they are working with.
0 votes Thank Flag Link Mon Sep 22, 2008
if you trust the friend, and she trusts the mortgage broker.... yes, why not.
0 votes Thank Flag Link Mon Sep 22, 2008
Alan May, Real Estate Pro in Evanston, IL
MVP'08
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