How to Find a Great Broker

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

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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:

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.

Network at events

  • such as REIAs to grow your circle for more connections to brokers or even other investors who can recommend brokers.

Check the Better Business Bureau (BBB)

  • to find accredited brokers in your area. Also look for any complaints or positive reviews.

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.

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