I am doing my best to protect my clients but many Listing agents are not accepting offers unless the clients call their lender and get pre-approved. The problem is that many of the lenders working with the listing agents are not just trying get pre-approvals, they are trying to steal the client away. Our clients are then getting caught in this tug of war and many times not submitting the offer simply to protect their credit from being run multiple times. What is taking DRE so long in regulating this. If my client is pre-approved with a direct lender, why do they have to get pre-approved 10 times by 10 other lenders to make 10 offers. Rediculous.
OK...I feel better.
Cheers.
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