Trust agent advice on inspections

REThink Real Estate

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

As I mentioned last week, there is a pervasive myth afloat that real estate agents are in cahoots with a stable of service providers like mortgage brokers and inspectors. The aim? To bilk unwary buyers out of their hard-earned dollars and dupe them into buying lemon homes and taking lemon loans. Has such a thing ever happened in real life? I'm sure it has. But I'm also highly certain that these sorts of unholy alliances are the extreme exception rather than the rule. What's true is that we agents do have a set of professionals we prefer our clients to work with. But our motivation for recommending preferred professionals is not trickery and deception, nor does the average agent take kickbacks or other monetary compensation for referring business to our preferred pros. In the case of inspectors, my goal is for my buyer clients to receive: as full as possible a picture of the condition of the home, an education on how to operate the mechanical systems of the home,little or...