How to Find a Great Broker

    Posted by Hannah Lapin on Nov 7, 2017 8:57:05 AM

    shutterstock_334043390

    Finding a broker can be a daunting task, especially because brokers don’t have the same rigorous fiduciary responsibilities as attorneys. So how can you trust that a broker will have your best interests in mind and not just search for the highest commission opportunities? Here are our top 5 tips for finding a great broker:

    1. Ask for referrals

      from friends, realtors, investors, etc. The best way to find a trusted broker is to find someone with first-hand, positive experience.
    2. Network at events

      such as REIAs to grow your circle for more connections to brokers or even other investors who can recommend brokers.
    3. Check the Better Business Bureau (BBB)

      to find accredited brokers in your area. Also look for any complaints or positive reviews.
    4. Check the National Association of Mortgage Brokers (NAMB)

      to find members in your area. NAMB members are held to a high code of ethics and are required to take continuing education classes.
    5. Do a Google search

      for brokers in your area. However, be sure to check credentials, state licensing, and reviews before moving forward.

    Want more investor tips? Check out our Resources Page.

    More Resources

    Related: How to Find a Great RealtorHow to Choose a Property Management Company

    Topics: Real Estate Investing