Reply to Realtor suggested a lender - are they going to be angry if we use a different lender?

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Reply to "Realtor suggested a lender - are they going to be angry if we use a different lender?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]They get a kickback from their preferred mortgage lender[/b]. Just go with your own bank. Who cares if they are "mad"? It's business. [/quote]

Please refrain from posting anymore if you are going to make false statements like this. [/quote]

What?

Posted it it because I know people in the business -- it is absolutely not false at all. Realtors get commissions when buyers go with their preferred lenders. [/quote]

Realtor here. I sell a lot of homes. I don't know any lender anywhere who gives a financial kickback to an agent. Both could lose their license. I'm not losing my license over, wait for it, a $400 yeti cooler.[/quote]

I am a real estate attorney. Many, if not most transactions today involve the agent getting a kickback from the lender title company or both. It is typically framed as a marketing service agreement or affiliated business arrangement but it is very common.   Perhaps not with most agents both with most agents that close the vast majority of transactions. [/quote]

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