Expert Homes NY

Standard Operating Procedures

Expert Homes NY maintains standardized operating procedures concerning prerequisites prospective home buyers may be asked to meet before receiving brokerage services.

Policy Applies To Prospective Home Buyers
Published Update April 20, 2022
New York Law Real Property Law § 442-h
Brokerage Policy

Consistent Procedures for Prospective Buyers

Expert Homes NY applies these pre-service procedures uniformly to prospective buyers working with agents or brokers at the company.

The procedures address identification, buyer representation agreements and mortgage pre-approval. They describe what Expert Homes NY itself requires; a seller, listing agent, building, property owner or other third party may impose additional requirements in a particular transaction or showing.

The Procedures

What Prospective Buyers Should Know

These are the three prerequisites addressed in Expert Homes NY’s published Standard Operating Procedures.

01 Identification
Prospective Buyer Identification

Identification Is Not Required by Expert Homes NY to Begin Working With an Agent

Expert Homes NY does not require a prospective buyer to provide identification simply to work with one of its agents. Identification may still be requested in circumstances controlled by another party, such as building security, a homeowner, a listing agent, an open house or a showing.

Expert Homes NY Requirement No identification required to initially work with an agent.
02 Representation
Buyer Representation Agreement

An Exclusive Buyer Representation Agreement Is Not Required to Begin Working Together

Expert Homes NY does not require prospective buyers to sign an exclusive buyer representation agreement before working with an agent. A buyer and an Expert Homes NY agent may, however, mutually choose to use an exclusive buyer representation agreement.

Expert Homes NY Requirement No exclusive agreement required to initially work with an agent.
03 Financing
Evidence of Mortgage Pre-Approval

Mortgage Pre-Approval Is Not Mandated by Expert Homes NY Before Services Begin

Expert Homes NY does not require prospective buyers to provide confirmation of mortgage or loan pre-approval simply to begin working with an agent. A seller, listing agent or another third party may still require proof of pre-approval before a showing, open house or consideration of an offer.

Expert Homes NY Requirement No mortgage pre-approval required to initially work with an agent.
Important Distinction

A Third Party May Still Set Requirements

These Standard Operating Procedures describe Expert Homes NY’s own prerequisites for prospective buyers. They do not prevent a seller, listing agent, building, homeowner or another third party from imposing a lawful requirement connected with access to a property or a particular transaction.

For example, identification may be required for building access, and proof of financing may be requested before certain showings or before a seller considers an offer.

Original Brokerage Policy

View the Published Standard Operating Procedures

The original Expert Homes NY Standard Operating Procedures document contains the brokerage’s published policy regarding identification, exclusive buyer representation agreements and mortgage pre-approval.

Published Document Expert Homes NY Standard Operating Procedures View Original SOP PDF
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