Broker sticks up for Realtors

Broker sticks up for Realtors

Broker sticks up for Realtors More homebuyers may be choosing to privately sell their own homes but many brokers still believe Realtors provide a safeguard for potential home owners during the buying process.

“In view of all the potential mortgage frauds in the real estate market at this time, it is prudent to use a seasoned real estate professional; people think that a real estate lawyer can replace a real estate professional, but the truth is that real estate lawyer is not trained as a real estate professional and monitored by CREA or TREB,” Angela Wong-Lao of Invis the Money Lady said on “On the contrary, I find most of my clients get a better pricing for their purchases or selling by using a realtor because a seasoned realtor knows how to promote and sell the property properly.”

According to Wong-Lao, turnaround times for a private sale may be longer, as lenders take more time to evaluate these deals.

The discussion was sparked by a recent article about homebuyers – especially real estate investors – turning to lawyers who charge a base fee when negotiating for a property, and avoiding Realtors altogether.


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