The bottom-line on how agents get paid, their expenses, and how commissions sometimes lead to bad behaviour.
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The Benefits of a Mortgage Broker
Not sure whether to trust the Bank? What about a Mortgage Broker? We believe the benefits of using a mortgage broker are greater than going directly to a bank (or credit union).
How is a Mortgage Broker's Commission Calculated?
Compensation for mortgage brokers is typically a percentage of the mortgage amount. This has the potential to drive unethical behaviour that you should learn to identify and avoid.
How is Real Estate Agent Compensation Calculated?
Compensation for buyer agents is a percentage of the home price and only paid on successful transactions. This has the potential to drive unethical behaviour that you should learn to identify and avoid.
When Is It Time for a New Real Estate Agent?
Selling your home? Unhappy with the results? Houses used to sell themselves with little effort from an agent, but these days sellers need talented agents they can trust. Find out when to say goodbye, and what to look for in a new agent.
How Match Finder can help you in your home buying quest!
Match Finder is a tool to help you find a find a realtor and mortgage broker that aligns with your values, interests, and have complimentary working styles. We hope this will enable you to buy a new home with professionals that you can make a great relationship with and make the home buying process more enjoyable for you and your family.
The benefit of trust in a business relationship
Studies have shown that above all, consumers want a mortgage broker and real estate agent they can trust.
People want transparency and for their professional advisors to help them make decisions about financing, choosing a home, and any document they sign. They also want their professionals to get them the best value for their money.
Buyers also want an honest assessment of market conditions, so they can set realistic home price expectations.
The last thing people want to hear is “buyer beware”. Professionals these days are held to a higher industry standard and people expect more of their advisors in the 21st century.
Decoding Mortgage Broker Compensation
Compensation for mortgage brokers is typically a percentage of the mortgage amount. This has the potential to drive unethical behaviour that you should learn to identify and avoid.