facilitator(redirected from facilitate)
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facilitatorSomeone who helps out in a real estate transaction but owes no responsibilities to the buyer,the seller,the lender,or the borrower.A facilitator in a real estate transaction might contact a home inspector, arrange for a survey, assist with removing underwriting problems on a mortgage loan, and explain the computations for the buyers'and sellers'costs at closing.When working with people in a real estate or mortgage loan transaction, it is extremely important to ask them to disclose,in writing,their exact role and their responsibilities to you.Someone you might assume to be your agent,with the responsibility to work for your best interests,might actually be only a facilitator, with little or no responsibilities.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.