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Lender versus agent - what is the difference?

Posted on: 05th Dec, 2010 09:58 pm
folks,

the company that helped locked our refinance mortgage rate calls themselves "lender" and not an "agent." i am wondering what exactly is the difference between the two.

thank you in advance for your help.

regards,
peter
Hi PeterTaps,

A real estate broker is a person who acts as an intermediary between sellers and buyers of real estate. He or she attempts to find sellers who wish to sell and buyers who wish to buy. The real estate agent is the sales person of the real estate broker. On the other hand, a lender is a person who lends money or helps businessmen with credit in case of business matters.
Posted on: 06th Dec, 2010 12:20 am
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