APRIL 20, 2022
POLICY AND REGULATIONS:
The New York Real Property Law section 442-h (rules of the Secretary of State relating to real estate brokers and salespersons) was amended to require, in part, that real estate brokers “institute standardized operating procedures for the prerequisites prospective homebuyers must meet prior to receiving any services.
THESE ARE THE POLICY AND REGULATIONS AT TREASURE NY INC:
(i) We do not request the prospective clients to show identification, however we request the prospective clients to provide their true name and correct contact information;
(ii) If we are the exclusive broker for the listing, we require that the seller sign a written exclusive broker agreement for the specific listing;
(iii) All prospective buyers that plan to obtain a mortgage to purchase a property, we request pre-approval for a mortgage loan.
Sarit Shmueli, Founder, President