How much does a real estate agent make from refinancing a home?

Apr

How much does a real estate agent make from refinancing a home?

Archived in the category: refinancing

I am refinancing my home through a real estate agent.

Some states require mortgage brokers to have real estate licenses too, where as some states won’t let Realtors be mortgage brokers. It sounds like you are working with a Realtor who is a mortgage broker on the side. A Realtor is not commissioned in a refinance, but if he is acting as a mortgage broker he is, and is probably making between 1.5-4% of the loan amount.

Posted by: admin - 7 Comments

7 comments for “How much does a real estate agent make from refinancing a home?”

oldfootlose

WHY???
do it on the phone
there must be 5 – 10 refinance adds on TV.
All say NO fees
get real
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April 10th, 2010 at 4:58 pm

Doctor J

A "Real Estate Agent" or a "Mortgage Broker"???
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April 10th, 2010 at 5:31 pm

marlio

Why are you using a real estate agent? You can deal directly with a mortgage broker.
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April 10th, 2010 at 5:36 pm

kate

You are the ONLY person I’ve ever heard of ,
to bring in a totally unnecessary 3rd party to do a refinance .
Normal people just use the lenders . . .
Yours will make whatever they were able to sucker you into per whatever contract / paper you signed with them . . .
And how much does your paperwork say ?
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April 10th, 2010 at 6:24 pm

helpme

U R GIVING $$$$$$ AWAY SAY U R FIRE REAL ESTATE AGENT AND U SAVE THE $$$$ 4 CLOSING COST
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April 10th, 2010 at 7:14 pm

linkus86

Some states require mortgage brokers to have real estate licenses too, where as some states won’t let Realtors be mortgage brokers. It sounds like you are working with a Realtor who is a mortgage broker on the side. A Realtor is not commissioned in a refinance, but if he is acting as a mortgage broker he is, and is probably making between 1.5-4% of the loan amount.
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April 10th, 2010 at 7:50 pm

dmmls

Real Estate agents make NO money from a re-fi….
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April 10th, 2010 at 8:04 pm

Number One Home Loans