should my realtor be present while I sign for the house title and loan?

Question

I recently purchased a home and scheduled to sign the paperwork, my realtor said I'll be ok to go and sign but he's not coming to review the paperwork while I sign. Is this messed up or normal?

Answer 1

Are you talking about the closing paperwork? Your real estate agent should review all paperwork and be present when you sign. That's part of what you're paying them for.

I would insist he be there if I were you. When my parents-in-law sold their house, the realtor was present with them when they signed the closing papers.

Answer 2

realtor does not have to be there, depending on the state you are in a title agent, or attorney are the people you really want with you. Be careful, in title states the title agent represents the lender and not you. You should have an attorney to represent you in almost most cases, realtors do not have the expertise to know what the mortgage documents or the title documents are that you will be asked to sign. Be sure the mortgage committment that you sign is what you were offered, this is where a lot of folks get into trouble and ended up with the ARM's you are now hearing about. If you are a first time homebuyer or not savy about what is going on pay for an attorney, you are making one of the biggest finanical investments of your life, whats another 250-1000 dollars vs. the price of the property and the cost over a period of time if you sign something and have no clue what you are doing and it comes back to haunt you. THINK ABOUT THAT. and dont let any mortgage lender hand you the line just sign dont worry about it we will refinance you before the first adjustment period. lol

Answer 3

It sounds to me that the only way the realtor and the supplier can get away with seling to somebody else is that if the supplier universal the grant that the persons submitted beforehand of the supplier accepting your aunt's grant. additionally, genuine belongings transactions often have particular contingencies that must be "lifted" by ability of the two the client or the supplier and if a contingency isn't lifted, the different social gathering is declared to have breached so the residing house can bypass returned on the marketplace. as an occasion, your aunt holds an inspection contingency, meaning that even after she made an grant, she gets the residing house inspected. if she doesnt' like what she sees, she would be in a position to no longer "raise" the inspection contingency and can returned out of the deal. on the different ingredient, the supplier often has a "own loan contingency" meaning that the client ought to preserve a private loan by ability of a particular date and have the lender grant info to the supplier that a private loan is in place. If no such info is gained, the supplier won't "raise" the non-public loan contingency thereby disqualifying the client from shifting forward. If the loans went by easily to your aunt and the supplier improve into given info of the non-public loan being in place and no different contingencies existed, the only way for the supplier to sell to a different social gathering (as stated above) is that if the supplier universal the different social gathering's grant in the past they universal your aunt's grant. if that's no longer the case, your aunt ought to seek for advice from with an lawyer and rigidity the residing house sale to be achieved in her call. there are various shady genuine belongings brokers obtainable, so do no longer permit their smile, their dress or their vehicle trick you into thinking they're all truthful. They artwork on fee so the better the merchandising fee the extra they obtain. Greed can get to a lot of them and dissimilar threat unlawful habit just to get some hundred extra suitable money. don't get me incorrect...many are truthful, yet there are undesirable apples in each occupation. stable success, wish this helped. returned, i choose to advise talking ot a lawyer in case you sense uncomfortable approximately this. a pair of thousand greenbacks invested might desire to be the main suitable money your aunt ever spent, extraordinarily if it leads to her getting the residing house and reporting unlawful activities of the agent to the suitable licensing authority.

Answer 4

You don't need a Realtor. When it comes to signing documents, you should be having an attorney review them. A Realtor cannot give you legal advice.

Answer 5

On occasion, I am not able to be present at a closing, due to scheduling conflicts. However, if I am not able to be present, I insist on reviewing the final closing package beforehand to insure that whatever part I am responsible for is properly handled. If I can't get my hands on that package, then I ask one of my associates to be present for the buyer (or seller).

When it comes to mortgage documentation, I stay out of the conference room, since the loan is not my purview, and I have no business knowing any of the private financial arrangements of the buyer.

Answer 6

It's messed up, and I would MAKE SURE that the contract stated that you didn't have a Realtor AT ALL.

Why should he get paid for NOT SHOWING up to work?

That's only...HIS WHOLE JOB.

I'm a Realtor and I would show up somewhere at 3:00 a.m. if that is when it was convenient for my client to sign a contract with a seller.

My advice? Get new representation.

Answer 7

The realtor should NEVER give legal advise. However, they should be there if for nothing else to give support. They are getting paid anywhere from 1.5% to 6% for the deal. The least they can do is show up for 1 hour. Hell, they can even pick up their check at settlement.

This is one lazy agent.

Answer 8

Check with the lawyer that you hired. A Realtor will be there to get new business. It only takes a hour or two.

Answer 9

if you are paying a realtor, then he/she should review the paperwork; however, he/she does not need to be present when you obtain your loan. That is private business.

Answer 10

It is not necessary for a realtor to be there, but, where is your
LAWYER?

WHAT, you don't have one?

You are kidding right? After all, this is such a SMALL purchase, why worry about something as trivial as an attorney!!