documentation: Agents....Are You Setting Proper Pre-Qualification Expectations With Buyers???? - 10/19/10 12:49 AM
Agents, are you setting proper Pre-Qualification expectations with your buyers????  Sadly, many agents do not seem to be doing so.  Before you refer a buyer to a loan officer, please do everyone a favor and set the proper expectations at that time.  That is an excellent time to begin to start the education process with your buyer. 
Please do not lead the buyer to believe that a Pre-Qualification can be done in 5-10 minutes over the phone and they will instantly get their letter. It only makes us look like the bad guy.  A 5-10 minute Pre-Qualification today is pretty pure fiction much like Stephen King.  Well technically, … (6 comments)