Do Realtors get kickbacks from title companies?
When applied to the real estate industry, kickbacks are commonly seen during the transaction process.
Service companies (e.g.
escrow companies, title companies, and termite companies) will often incentivize real estate agents to use their services in exchange for generous gifts.
Can Realtors recommend lenders?
Real estate agents often hand out lists of recommended mortgage lenders. An agent can’t survive in the real estate business without a good mortgage lender or two to refer. In fact, buyers often don’t know which they should do first—select a mortgage lender or hire a real estate agent.
Should I find a realtor or lender first?
Start with a Mortgage Lender to make budgeting easier.
When it comes to buying a home, it’s natural to think of selecting a Realtor first. According to research from the National Association of Realtors, 44% of homebuyers begin by looking at properties, while another 17% goes directly to a real estate agent.
Do Realtors get referral fees from lenders?
When a real estate agent or builder sends a borrower to a lender and receives something of value in exchange, the lender is the recipient, and the benefit provided to the agent is the referral fee.