For the Record - Oct. 30, 2007

Mortgage terms: An article in the Sunday Real Estate section about agents’ efforts to work only with serious would-be homebuyers and sellers included one realty sales agent’s requirement that buyers get pre-qualified for a loan -- not pre-approved, which the story cited the agent as saying “is just a meaningless letter from a mortgage broker saying everything looks rosy.” The terms were reversed: A buyer who is pre-approved is actually approved for a loan of a certain amount; a buyer who is pre-qualified is told only that he or she might be approved for a certain amount.