Generally, real estate professionals in CA include real estate agents, realtors, mortgage broker, and mortgage lender. Buyers and sellers more often need them at the time of buying or selling.

1. Real Estate Agents A Real estate agent is either a person or an organization whose business is to market real estate on behalf of clients. There are buyer?s agent, seller?s agent and dual agents who work for both seller and buyer. Their main function is to look for suitable houses, negotiate price and terms on behalf of both, and prepare a standard purchase or selling contract.

2. Realtors They work with their customers to define their needs and identify suitable alternatives. They are the total real estate solution providers starting with identifying the property to closing the deal.

3. Mortgage Broker These professionals have specialized in the entire loan processes and help their customers in getting the best loan to fit their needs. They are either companies or individuals who work closely with mortgage lenders to provide a wide variety of loan schemes to their customers. They act as a mediator between mortgage lender and customer. They are ready to assist you with your lending needs. They will help you through the process and requirements-from home inspection to insurance.

4. Mortgage Lender They are the companies who actually finance the loan to the customers through the brokers. In the past, lenders were almost banks and saving& loan associations. Due to their limited options in lending, many different types of lenders have joined in this field. Today, most mortgage bankers act as wholesale lenders. They offer loans at a lower rate of interest than banks. Mortgage brokers deal with these lending institutions that have wholesale loan department for their customers. Hence, it is a team work of all agents, realtors, brokers and lenders to provide better service to their customers. By effectively using their own resources, they can co-ordinate with each other

Posted by Clara Brinkley on December 13, 2008 at 12:00 AM

About Clara Brinkley
Clara Brinkley is affliated with Coldwell Banker First National, which is located in San Marcos, TX. For further assistance please use the contact information located on the right.




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