There was a blog post on Active Rain entitled: Can the Listing Broker Specify the Lender? (must be a logged-in Active Rain member to access). The post raises the question: Can real estate listing agents place certain requirements into the Multiple Listing Service (MLS) such as: Buyer must pre-qualify for a loan through lender XYZ to submit an offer.
The comments ranged from “that’s an illegal practice called Steering” and “that’s not a good practice for a seller” and “I see no problem with this practice.”
So what are your thoughts, Boston condo buyers and sellers? Lenders, I’d like to hear from you as well.