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Can Sellers Require Pre-Approval from Their Preferred Lender?: Legal Hotline: Fall 2025

Sep 5, 2025, 10:18 AM
Title : Can Sellers Require Pre-Approval from Their Preferred Lender?: Legal Hotline: Fall 2025
SubHeading : Pre-Approval from seller's Preferred Lender
Youtube Url :
In this episode of the Washington Realtors® Legal Hotline, we answer a key question: Can a seller require a buyer to obtain pre-qualification or pre-approval with a specific lender before granting a financing contingency? Learn why financing contingencies matter, how they protect both buyers and sellers, and what’s legally permissible when it comes to requiring lender involvement. We break down the difference between pre-qualification and underwriting pre-approval, and clarify how sellers can safeguard their transactions without violating the law. Whether you’re a broker, buyer, or seller, this video provides essential legal insights for navigating financing contingencies with confidence. Members: Ask a question or explore more legal resources: Visit: warealtor.org, log in, and follow the links to the Legal Hotline Don't forget to share with other agents and subscribe!
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