Agents Get Kickbacks From Vendors

Myth 3.jpgDon’t feel pressured when lenders, title companies, inspectors or any other vendors are recommended by your real estate agent. It’s been over 40 years since the Real Estate Settlement Procedures Act (RESPA) was passed preventing agents from receiving kickbacks (financial or other) from real estate “vendors”.

Agents recommend preferred vendors because we’ve worked with them in the past and know they do great work.There are a lot of details that go into a real estate transaction, so working with trusted vendors help make it all a little less stressful for everyone. This doesn’t mean that someone you know or have worked with in the past wouldn’t also do great work, which is why you’re free to choose any or all of the vendors in your real estate transaction. Do your research, meet with multiple people, choose who you feel most comfortable with and if you need help, ask your Realtor.

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