Real Estate Agents vs Mortgage Brokers

FOR SALE DRAWING THE LINE: REAL ESTATE AGENTS VS MORTGAGE BROKERS FOR SALE They focus on selling properties. They help homebuyers to secure good mortgage from banks. Real estate agents play a vital in the housing market as they are easily considered the workhorse of the industry. Mortgage Brokers serve as intermediary between a homebuyer and a bank in order for the former to get the best interest rate and terms for a mortgage. FO SALE Key roles are: finding properties for clients, studies the housing market trends, and acting as intermediary between the buyer and the seller. Key roles are: gathering and preparing necessary documents from clients like titles and appraisals, researching the latest interest rates and talking and negotiating with different banks and/or financial institutions. A good real estate agent is someone who has solid grasp and knowledge of the housing market trends, marketing skills, sales techniques, and social skills. A good mortgage broker must have qualities like excellent marketing and negotiating skills, knowledgeable in lending institutions' terms and rates, proficient in mathematics, and excellent verbal and written communication skills. PRESENTED BY: VA Vogue Financial www.voguefinancial.com.au