Our Office

First Stone Realty, Inc.

444 Seminole Rd.

Muskegon, MI 49444

 

Map to this Location

Phone (231) 737-9000

Fax (231) 737-9002

Affiliated Business Arrangement Disclosure

When a lender, real estate office or another participant in your real estate settlement refers you to an affiliate for a settlement service (such as when a real estate salesperson or broker refers you to a mortgage broker affiliate or a title company affiliate), federal law requires that they give you an Affiliated Business Arrangement Disclosure. This law requires the referring company to disclose to their clients and customers the business relationships and interests that they have with and in the companies with whom they do business. Further, federal law requires this disclosure to be made at the time of the referral, not after the fact. Bluntly, this can mean that the party making the referral may benefit financially to help persuade you to do business with their "partners" (it is not unusual for referral compensation -often times money- to be paid between referring parties). Without disclosure at the time of the referral, this practice is illegal and is a complete breach of ethics. Logically, at least two questions come to mind. What could this mean for you? How could this affect your transaction?
We are pleased to make the following promise to you:

First Stone Realty, Inc.
has
NO
Affiliated Business Relationship
with any lender, attorney, accountant, title company, inspector, appraiser,
or anyone else. 

We at First Stone Realty believe that our most important obligation is to you, not to ourselves and not to a "partner." Because we have no competing interests, we are more impartial and objective. We will share with you our years of experience with a multitude of service and product providers. Further, we constantly seek out those service and product providers who are the best and most qualified for today’s market. We think that you should judge someone by the value of their service and not worry about the value of their possible “kickback.”

Anything that has the possibility of getting in the way of our relationship with you is at best a distraction and at worst a lawsuit for one or both of us. We pride ourselves on the advice we provide to you and want nothing to interfere with it. We are one of the few offices that can make this claim, and the only one (to our knowledge) that will put this assurance in writing.

We put you first.  Period.™

 

 

FSAW-0023/4                                                           © First Stone Realty, Inc.  04/09