Relation Classification (RC)-the task of identifying the relation between a pair of target entities-is a fundamental sub-task of information extraction. RC models built on top of entity information are prevalent, with different variants using entity information, especially entity type information, differently. However, RC models are often benchmarked on datasets that human annotators provide near-perfect entity information, and, state-of-the-art results are reported using gold entity type information. We believe there is a need to understand how the effectiveness of RC models is affected by the correctness of entity type information because in practice this information is provided by imperfect entity recognition models. Our results on six datasets across four domains show that although using gold entity type improves the effectiveness of RC models, incorrect entity types may cause large effectiveness drops on some (but not all) datasets. We propose using Pointwise Mutual Information (PMI) to identify datasets on which RC models may be negatively impacted by incorrect entity type information.