Real Estate Agents and Mortgage Brokers- How to be Professional Outside your Field of Expertise
Real estate buyers and sellers, please allow me to vent my frustrations with our current real estate market. I invite you to read along and hopefully, get an inside look at some of the problems that are contributing to today’s real estate market conditions.
I was just reading a post by Richard Zaretsky titled “Back to Basics-A Review on Short Sales“. His post is chock full of more information than I can digest in one sitting. I bookmarked it for future reference. I also sent a link to one of my clients who is facing 
eminent foreclosure if we can’t get a short sale for her ASAP.
Here’s the problem I’m having. As a REALTOR®, I want to provide the best possible service to all my clients. But I have my hands full staying abreast of the real estate market and keeping my sellers updated with any current sales and how those sales will affect their real estate values. I also have to constantly update and tweek every web site and blog where I have my listings posted. So although the market is down and sales are few, that doesn’t necessarily lessen the amount of work I have to do. It just means my focus is in a different area.
Which brings me to my current problem. The mortgage industry is going through more changes than the real estate industry. There’s not enough funding to go around, even for the very few buyers we do have. And the rules of the game are changing by the day. So while real estate sales and real estate financing are closely intertwined, they are still two separate industries. There are agents who hold real estate and mortgage licenses, but they’re only going to excel in one field. You can’t be an absolute expert in both. I personally want to be an expert in the real estate industry so I can provide my clients with the best possible service. But I’ve always maintained a basic knowledge of what was happening in the mortgage industry as well. It’s only logical that real estate buyers are going to have financing questions while they’re going through the buying process.
Read the rest of this post aboutReal Estate Agents and Mortgage Brokers Professionalism here
