HGTV's "Property Brothers" is hosted by Jonathan and Drew Scott, and the pair help people buy and remodel fixer-upper homes.
But Lockett said that the show doesn't accurately portray the difficulty that many people face when trying to access funds for a renovation.
"'Property Brothers' is so unrealistic," she told Insider. "It's not that easy to qualify for a renovation loan. In fact, most loan types do not allow buyers to use the money to renovate a home."
The agent stressed that it's important for home buyers to know what they legally can and can't do with any remaining balance on their home loan.