Can a lender share information with realtor?

Can a Realtor ask for financial information?

A real estate agent never needs to know your salary or your credit score and never needs to see your pay stubs, your tax returns, or your financial statements. Only your lender will ask you such questions and request financial documents.

Do lenders share information?

The lender has to share your personal information with the three credit bureaus to get your credit report, for instance. But they may also want to share your information with companies that have products you could be interested in.

Can Realtor lie about other offers?

In conclusion, yes, real estate agents can lie about offers. However, it is more likely they are using vague “sales speak” or being upfront about a specific proposal. It is up to you to discover which, retain control over your purchasing and to act in your own best interests.

What can be used as proof of funds?

A bank statement, security statement, or custody statement usually qualify as proof of funds. … Basic information, such as the bank name and address, bank statement, total balance amounts, a bank personnel’s signature, is required on the proof of funds document.

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How does underwriters verify your bank statements?

Most underwriters will ask for statements from the donor to verify that they had the money available to gift. The gift giver must also sign a Gift Letter stating their relationship to you (the buyer), the amount of the gift, and the understanding that the money is a gift, and is not expected to be paid back.

Is it safe to share mortgage statement?

Documents aren’t really safe unless their transfer is secure from end to end. A mortgage company may store and manage its information with the highest standards, but there is still significant risk if the borrower or seller submits their documents through unsecure channels.

Do mortgage companies share information with each other?

When you apply for a mortgage loan, your lender should provide you with a document stating exactly what it does with your personal information and if they share it with others. … For instance, you lender has to provide your basic personal information to one of the three credit bureaus to receive your credit report.

How can you tell if a Realtor is lying?

If you’re unsure whether an agent is lying to you about their production, a simple phone call to their broker to find out their track record will usually uncover whether they’re lying or not about their sales history.

What happens when a realtor lies to you?

If you’re worried your realtor has been lying to you, switch to a Clever Partner Agent. They can help you buy a home, and you may qualify for Clever Cash Back, depending on the state you’re in and the value of your home. That’s money in your pocket after your sale is final.

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How do you deal with an unethical realtor?

If you have a complaint against a licensed real estate agent or business, visit California DRE’s website for details on How To File A Complaint, or call the California DRE Public Information Line at (877) 373-4542.