Standard Operating Procedure for Purchasers
STANDARDIZED OPERATING PROCEDURE FOR PURCHASERS OF REAL ESTATE PURSUANT TO REAL PROPERTY LAW §442-H
Local Realty (the “Broker”) is making this Standardized Operating Procedure available on any publicly available website and mobile device application maintained by the Broker and any of its licensees and teams. Broker has copies of these Standardized Operating Procedures available to the public upon request at Broker’s office location.
Please be advised that Broker:
1. The broker does not require the prospective buyer clients to show identification*.
2. The broker does not require exclusive buyer broker agreements unless the purchaser is a family member, close friend, known associate of the agent, or is a current client of the broker.
3. The broker does not require a pre-approval for a mortgage loan/proof of funds*
*Although Broker may not require such information, a seller of real estate may require this information prior to showing the property and/or as part of any purchase offer.