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Greg Smith

gregGreg has been a private real estate investor for the past dozen years buying, selling and holding properties owning/managing up to 75 units at one time throughout the Peoria area. Becoming a broker affiliate was the next logical step in his real estate career. 

Sarah Knickerbocker

sarahI believe success is loving what you do and how you do it. I have had 6 successful years in Property Management. Real Estate has been my passion throughout my career path, which is what brought me to the decision to step back into the Real Estate Industry.

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Star of the Month

P626272 1Eileen Huber
Eileen helped collect prom dresses for the Dream Center this month.

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FAQs

An agent would like to have a list to give to buyer's agents saying "Buyers must use one of the following lenders". Or, "here is a list of our company's "approved" home inspectors. You must use one of these"

Response from Betsy Urbance: There are all kinds of potential issues here. If the agent is the listing agent only, then he should not be recommending these services to buyers anyway. If he is a dual agent, he might offer some suggestions if he has knowledge about reputable lenders and/or home inspectors. This is true if he is only the buyer's agent too.

If he is REQUIRING the use of particular service providers, then he is likely taking on a host of potential liability issues. If his brokerage business is affiliated with any of these services, he would also have RESPA issues if he were REQUIRING these services. Suppose, for example, the buyer agent requires that Home Inspector Z be use. Z misses a big defective condition and buyer is looking to sue someone. I would think the agent who required the use of Z would be buying into more potential liability than he should in the prudent practice of real estate brokerage. This does not mean that you can't make recommendations to reputable providers