Your Team During a Transaction

Posted on | October 8, 2018

You’ve decided to purchase a home – congratulations! Now what?

If you’re a first-time homebuyer, there might be some confusion as to who is who and what is what – but don’t fret, this article will break down what’s right from left and left from right.

Who you’ll be working with

Lender or Mortgage Broker – if you plan on receiving a mortgage loan, working with a lender or mortgage broker is your first step in buying a home. What’s the difference between the two, you ask? Well, a lender is a financial institution that makes loans directly to you. A mortgage broker does not lend money, but actually finds a lender for you.

REALTOR® or Real Estate Agent – A REALTOR® is a real estate agent who is a member of the National Association of REATLTORS®, which means that he or she must uphold the standards of the association and its code of ethics.

A Listing Agent is the one who ‘lists’ the property for sale. They represent the seller and aid in marketing the sale of the home.

The Selling Agent or buyer’s agent is the one who works with the buyer. They assist in locating a home to purchase.

Title Officer – These officers complete thorough research of recorded documents to help in the elimination of any possibly hidden risks that can terminate the validity of the title ownership. They will also issue the title insurance policy when the transaction closes.

Escrow Officer ­– This officer acts as a neutral third party during your sale, purchase, or refinance. They will monitor the transaction, prepare closing documents, coordinate the closing, disburse funds, and more.


It’s important to feel confident and secure throughout the process of buying your first home!

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