A Real Estate Broker and An Agent - What’s The Difference?

September 14, 2009
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Have you ever thought about the difference between a Real Estate Broker and an Agent?

We deal oftentimes with these people but we really don’t know what type of agent he is or what broker associate even means.

They could be an associate, a real estate consultant or a REALTOR®, but they are all real estate agents. Let us define one by one the different types of real agents that we are likely to encounter so as to clarify these once and for all.

1. Real Estate Broker

A real estate broker generally has more education than an agent, but not always. In California,…

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Filed Under: Brokerage, Real Estate, Real Estate Agents

Find the Right Lender for You with These 10 Questions

September 2, 2009
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The right mortgage lender for you is the one which can give you the best possible interest rate and lowest fees.  You could find one in banks, credit unions, trust companies, life insurance companies or a private company that lends money to buy land, houses and other real estate.

Yup, they are many—literally thousands just in the United States.  So if you have the luxury of time, we highly recommend that you compare mortgage rates and cross-examine prospective companies for you to find a loan that fits your needs.  Don’t miss asking them any of these comprehensive questions:

1. What are the…

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Filed Under: Brokerage, Loans, Real Estate Agents

What a Mortgage Broker Does and When Would You Need One

August 6, 2009
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For potential homebuyers who need a little extra help with the process of finding a mortgage loan, a mortgage broker can be a great resource.  However, there are still instances wherein you won’t need the services of a broker.

So what exactly does a mortgage broker do?  Mortgage brokers take mortgage loan applications from applicants, and then turn around and disseminate the application to several lenders in an attempt to find get an approval.  It is an advantage for brokers that they are able to work with several lenders; hence they also know which lenders accept applications that may prove problematic…

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Filed Under: Brokerage, Mortgage

Big Firms Selling to Smaller Guys: A New Trend?

July 26, 2009
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In the market of California, Morgan Lane Marin, a firm smaller than Pacific Union GMAC Real Estate is buying out the latter big corporation.

It usually does not make sense when the small guy buys the more competent rival.  But this action taken by both companies just might change the trend in the real estate brokerage industry, drastically.

This could actually benefit both firms in a way that, on one hand, when Pacific Union sells out its older technology to Morgan Lane, it could set out with a newer technology and a more hi-tech approach to sales; on the other hand, Morgan…

Posted by: Admin |
Filed Under: Brokerage, Real Estate