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Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

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Rainmaker
5,198,274
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I always refer 3 of each.

Jun 15, 2016 11:54 PM
Rainmaker
1,751,637
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

We give multiple choices with all business referrals.

Jun 15, 2016 11:02 PM
Rainmaker
5,481,788
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

I make referrals of people I trust and have vetted! I offer it as a help and suggestion to make the process easier. If I know of more than one I will refer them to all!

Jun 15, 2016 10:24 PM
Rainmaker
8,149,425
Roy Kelley
Retired - Gaithersburg, MD

I would refer them to the specific person that could best meet their needs.

Jun 15, 2016 08:40 PM
Ambassador
3,213,219
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Depends upon situation and client and even the house.  We have some "hinky" leaseholds in our market and frankly just ONE lender does them. I don't even like that lender, but they are the only game in town for these certain properties.  There is usually a BEST person for the loan.  

When it comes to handy men type stuff I try to recommend a couple or so.

Jun 15, 2016 01:45 PM
Rainer
321,664
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

I refer 3 names for services and let my client make the choice after talking with each.

Jun 15, 2016 12:52 PM
Ambassador
3,763,935
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

If I have a Realtor referral, I only give one name.  Handyman referrals or contractor referrals are complicated here by requirements in Maryland that we vet them to make sure all licenses are current.  I've started to suggest Angie's List.

Jun 15, 2016 12:24 PM
Rainmaker
5,274,792
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I always refer multiples and say these are from past clients who werer pleased with their service!

Jun 15, 2016 10:52 AM
Ambassador
2,707,918
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

I keep a folder full of business cards.   Lenders, Title, Roofers, etc.  I give 3 different b-cards to my client or customer.   I will not recommend any unlicensed "handyman" no matter how good they are.

Jun 15, 2016 09:34 AM
Rainmaker
634,582
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Referrals to

  • Realtors, one 
  • Inspectors, a short list 
  • Lenders, one or two depending on client needs

 

Jun 15, 2016 09:00 AM
Rainmaker
3,988,138
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

When referring to a lender I usually give a couple of choices that I think will be a good fit and let the buyer decide. I give the buyer my entire home inspector list with several checked that may be able to schedule it in quicker. Again the buyer decides.

Jun 15, 2016 08:51 AM
Ambassador
4,975,816
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I try to give them as many options as possible, but that doesn't necessarily mean I refer more than one, since I want to be certain that referrals that I give are going to right by my client.

Jun 16, 2016 01:16 PM
Rainmaker
1,538,434
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Lenders: One.

Service providers: Three.

Jun 16, 2016 03:31 AM
Rainer
108,116
Scott Lawson
America's Home loans - Santa Rosa, Petaluma Mortgage Broker - Santa Rosa, CA
Mortgage Broker FHA, VA, refinance or purchase

Something many of you won't know (yet).

Have a look at page 5 of the new Closing Disclosure. See how your name and license #, as well as the lender's information is listed? This is all going into a giant database for the CFPB and they will be looking for unusually high correlations between the Realtor and a lender. IF that lender's name/ID # and yours comes up on the same closing many more times than what would be considered statistically normal, you may find yourself being investigated for a possible RESPA section 8 violation, even though you're not doing anything wrong by accepting anything from the loan originator for the referral. Be very careful how you operate going forward. Brokers, this is a piece of information you need to share with your agents at your next meeting.

 

Either refer several individuals when it comes to financing, or refer none. The regulators are on a witch hunt to justify their existence. Don't give them any help...

Jun 16, 2016 12:22 AM
Rainmaker
1,009,228
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Multiple lenders, I longer recommend warranties but tell my customers about them and seldom recommend a handyman until they call with a problem

Jun 15, 2016 10:41 PM
Rainmaker
3,074,389
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

parked and reading - waiting for Michael Jacobs 

Jun 15, 2016 10:04 PM
Rainmaker
4,434,227
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not know a good handyman.

Jun 15, 2016 09:53 PM
Rainmaker
5,310,802
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Sometimes, it's only one name; sometimes it's two names; sometimes it's three names. It all depends on the situation and what the client is asking for. Often clients just say to me "whom do you personally use?"

Jun 15, 2016 09:43 PM
Rainmaker
4,322,035
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Caroline Gerardo - usually just one lender.

Jun 15, 2016 03:15 PM
Rainmaker
2,444,166
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Great question - we are encouraged by management to give 3 names

Jun 15, 2016 02:47 PM
Ambassador
5,166,479
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It depends on the situation, but generally I provide multiple names based on experiences and recommendations from others

Jun 15, 2016 02:03 PM
Rainmaker
3,986,473
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have a list that I hand out to buyers at closing of vendors that I personally use or would use.

Jun 15, 2016 12:52 PM
Rainmaker
1,262,291
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I suggest they work with in house preferred lenders so I can facilitate.

Jun 15, 2016 10:53 AM
Rainer
45,957
Andy Madrid
Hawaii Coast Realty, LLC - Kailua-Kona, HI
Expertise, Professionalism, and Service

If asked for a referral, it depends on what they are asking for.  electrician - only one - the guy who I use on my own house.  Same goes for general contracting and flooring.  I have a couple of lenders I refer to but always someone that I have personal experience with.

Jun 15, 2016 09:32 AM
Rainmaker
425,000
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

I try to give 3 referrals but sometimes I dont have that many choices in our small town. I have 1 plumber I refer because he is the best as far as customer service. So it depends on if I have 3 choices (such as home inspectors) or if I know that my first choice is the best choice I will let my client know.

Jun 15, 2016 09:30 AM
Rainmaker
1,713,581
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

A,ways have multiples.

Jun 15, 2016 09:28 AM
Rainmaker
1,291,732
Peter Mohylsky,
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Three options are my norn.  I also ask for feedback to make sure they are getting the value I represent. 

Jun 15, 2016 08:54 AM
Rainmaker
684,752
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

When I refer to a Realtor ... it is one at a time.  I usually call first and from our discussion know if this agent is a good fit. If not, I keep looking.  For Lenders, it really depends.  If I receive a call from a perspective buyer who does not have a pre-approval Letter I call one Lender and have them follow up.  If they are not able to do that right away, I advise them I'll be calling another lender (that usually causes them to make it a priority).  When it comes to insurance, home inspectors, or handymen I have 3 or more names and numbers and let the clients see who they feel the most comfortable with.

Jun 15, 2016 08:47 AM