Buying or selling a property involves complex transactions, so it is essential to surround yourself with professionals who can guide you through every step of the process. Did you know that your real estate broker has access to a wide range of specialists to help ensure the success of your transaction?

Here is an overview of the professionals who are generally involved in a real estate transaction and whom your broker can refer you to.

If your broker recommends a mortgage lender, you could benefit from it. Since many agencies have agreements with lenders, you may be able to save on interest costs. As with anything, it is always in your best interest to compare the different options available to you in order to choose the one that is most advantageous. Keep in mind that a broker’s code of ethics requires them to disclose any benefit received for a referral.

Some brokers work with mortgage representatives from major financial institutions who are available 7 days a week and can come to your home. In addition, they are in direct contact with your broker, which makes communication easier when deadlines are tight.

A broker’s code of ethics requires them to recommend that a buyer have the property inspected by a professional. Your broker will refer you to inspectors who meet these four criteria:

they carry professional liability insurance covering errors, omissions or professional negligence;

they use a recognized home inspection service agreement;

they conduct their inspections in accordance with a recognized home inspection standard of practice;

they provide a written report.

Your broker may also recommend land surveyors recognized for their professionalism to carry out surveys and studies required to establish the boundaries of the property.

In their day-to-day practice, brokers work with numerous notaries, often located in the areas where they operate. They are therefore in a good position to recommend trusted notaries who can efficiently handle the examination of title and preparation of the deed of sale.

If elements such as the foundation, air quality or soil require in-depth analysis, your broker has an ethical obligation to protect your interests by recommending that you consult recognized experts. Thanks to their extensive network of contacts, they can direct you to qualified and competent professionals.

Source: centris.ca