Role of the Real Estate Broker

The first place you should contact about buying a home is Accurate Home Loans. Although real estate agents provide helpful advice on many aspects of home buying, they may serve the interests of the seller, and not your interests as the buyer. The most common practice is for the seller to hire the real estate agent to find someone who will be willing to buy the home on terms and conditions that are acceptable to the seller. Therefore, the real estate agent you are dealing with may also represent the seller. Accurate Home Loans will only represent your interests. Also, in some states, real estate agents are allowed to represent both buyer and seller. This is called dual agency and must be disclosed at the time of purchase by the real estate agent.

Even if the real estate agent represents the seller, state real estate licensing laws usually require that the agent treat you fairly. If you have any questions concerning the behavior of an agent or broker, you should contact your State’s Real Estate Commission or licensing department.

Sometimes, the real estate agent will offer to help you obtain a mortgage loan. He or she may also recommend that you deal with a particular lender, title company, attorney or settlement/closing agent. You are not required to follow the real estate agent's recommendation, that is called "steering". Steering is illegal.