Sunday, February 3, 2013

Can I retain a Realtor? - Zillow Real Estate Advice

While most Realtors are paid based on the commission they earn when you purchase a home/land, some agents are willing to charge you a flat fee or hourly fee for consultation. But if you're truly planning on buying, most agents would accept the commission as payment.

As to whether there are outstanding liens, most agents couldn't tell you if that's the case. Often it takes a search by a title company (they charge for the service) to determine outstanding liens. And not all liens show up on searches (mechanics liens that haven't been filed at the time of search). So most buyers opt for title insurance to guard them against such surprises.

Source: http://www.zillow.com/advice-thread/Can-I-retain-a-Realtor/477086/

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