Certified Residential Specialist (CRS)

Access More Questions

Which financing concept should a CRS agent explain when a buyer asks about the difference between pre-qualification and pre-approval?

Pre-qualification is more binding than pre-approval Pre-approval involves a full credit check and income verification, making it stronger Both terms are legally identical in real estate Pre-qualification guarantees the loan amount

Correct Answer:

Pre-approval involves a full credit check and income verification, making it stronger

Access more questions from this quiz

Continue to Certified Residential Specialist (CRS) for more practice questions and the full quiz experience.

Access More Questions