New York Real Estate Standard Operating Procedures
Designed by X.in Studio
Effective May 21st, 2024
Pursuant to New York State law, Honest NY Realty is required to publish its Standard Operating Procedures that detail prerequisites that all prospective homebuyers (“Prospective Buyers”) must meet before they receive services from a New York Honest NY Realty agent.
New York Honest NY Realty agents must implement these pre-services procedures uniformly with respect to any Prospective Buyer.
● Prospective Buyer Identification. Honest NY Realty does not require Prospective Buyers to provide identification to work with a Honest NY Realty agent. However, Prospective Buyers maybe required to show proof of identification to (i) enter certain Honest NY Realty offices if required by the building’s security, (ii) attend an open house or showing at the direction of a homeowner or listing agent, or (iii) in any other circumstance as directed by a third party, including but not limited to, a seller or listing agent.
● Buyer Representation Agreement. Honest NY Realty does not require Prospective Buyers to sign a buyer representation agreement before engaging with a Honest NY Realty agent, however, before going on a tour of a property with a Honest NY Realty agent, a prospective buyer must sign an exclusive or non-exclusive buyer representation agreement.
● Prospective Buyer Evidence of Pre-Approval. Honest NY Realty does not require Prospective Buyers to provide confirmation of a loan or mortgage pre-approval to work with a Honest NY Realty agent; however, a third party, including a seller or listing agent, may require proof of pre-approval, including but not limited to, prior to attending a showing or open house or receiving an offer from the Prospective Buyer.