Posted by Linda Simms on August 02, 2003 at 08:54:32:
Another good reason not to use Relators unless absolutely necessary. Especially when buying. You don’t need a relator. You do need a good title company that you can trust. Any earnest deposit or down payment you make, deposit it with the title company, not the seller’s relator. Keep him out of the picture as much as you can. Remember he works for the seller, not you the buyer. You can handle all the necessary details or have your title company do it. I have not used a relator for years, just the title company which I trust. You don’t need a relator when you sell either. Use your title company. A relator is just in the way and will take a big fee out of your profits for doing little or nothing. Sorry but that is the way I and most seasoned investors see it. I know this will not set well with the relators or so called Investor/relators on this site. You don’t need an attorney either, unless you have a very difficult situation and require legal advice.