before submitting an offer. I was looking up home for a new customer and saw one that was something they would be interested in when I saw that comment in the text. No offers would be reviewed unless first pre qualified by XYZ mortgage. I showed my broker who is BIG on ethics and is on the local MLS board. He gave me a letter from the attorney general covering this exact matter to fax the this other agency, stating is is against state rules to do so. My broker said a warning should open thier eyes.

I am hesiatant to even take my customers to this home now. I do feel I did the right thing, I also live by a strong code of ethics

"I am hesiatant to even take my customers to this home now. I do feel I did the right thing, I also live by a strong code of ethics"
Your responsibility is to your buyer. If your buyer wants to see the home, you have to show it. You should explain to your buyer the sellers concern of buyers qualifications and pre-approval and let the buyer decide how to deal with it. They might not even like the house and the point is mute.

The real estate industry needs more people like you who are willing to stand up and do the right thing! Kudos to you!

Here's a simple solution. Have all of your buyers get prequalified with a mortgage company whehter it's theirs or one you reccommend (which is not unethical). Tell them that this is optional but it does make their offer stronger when presenting it to the seller agent, knowing that they are dealing with a qualified buyer. That said the agent can present the offer to the sellers and get the ball going on negotioations now that they have a serious buyer. Then in the case of the agent who is requiring XYZ mortgage company, present him with an offer and the prequal and if he has a problem that it's not XYZ have a copy of the letter your borker gave you and tell him that your prequal should be just as valid. It's never a bad idea to have your clients pre approved for a loan, it should be free of charge. I do preapproval's all day for no charge.