Wharton real estate professor Todd Sinai argues that even if the seller's agent offered the buyer objective loan advice, the buyer should be wary.

FORBES: Knowledge @Wharton

An appraisal that results in a value that is less than the contract purchase price can potentially mean all kinds of woe for the loan officer (me) and the real estate agent.

FORBES: Anatomy of a Purchase Mortgage - Chapter Two

Actually, lenders could care less what the property appraises for, it is the loan officer (me) and the real estate agent, Larry who care (a great deal) what the value result is from the appraisal.

FORBES: Anatomy of a Purchase Mortgage - Chapter Two

"Realtors care about only one thing--making the sale, " added Kenneth Thomas, a lecturer on finance at Wharton, adding that if the buyer needs a subprime loan for the deal to go through, the agent is likely to keep silent about the hazards.

FORBES: Knowledge @Wharton

McKay, a Monaco-based agent, is acting as a consultant to Doncaster and is responsible for arranging a number of the loan agreements, with more to come in January, when the transfer window re-opens.

WSJ: Soccer: Doncaster Rovers, a Clearance Sale Disguised As a Soccer Team - Marcotti

This makes sellers unhappy, and unhappy sellers tend to share their unhappiness with the real estate agent, who in turn question the competency of the appraiser and by association, the competency of the loan officer (me).

FORBES: Anatomy of a Purchase Mortgage - Chapter Two