Our most recent episode of Seattle Real Estate Chat focused on real estate agents or lenders who wear two hats. Jim Reppond of Coldwell Banker Danforth and I discuss transactions where a buyers lender is also their real estate agent OR when the buyer works with the listing agent (listing agent is both sellers agent and buyers agent). Sometimes a buyer may believe the listing agent is working for them, when the listing agent may only be working for the seller. It can be a complicated situation.
Mortgage Originators should only originate mortgages
January 5, 2011 by 2 Comments
I think it’s unfortunate that the SAFE Act didn’t address having professionals who are helping people with the possible largest transaction in their life be limited to originating mortgages. I feel quite strongly that it is NOT in a consumers best interest to use the same person to originate their mortgage AND sell them their home. [Read more…]
