New York Real Estate Standard Operating Procedures
Pursuant to New York State law, Reuveni Development Marketing 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 Reuveni Development Marketing agent. New York Reuveni Development Marketing agents must implement these pre-services procedures uniformly with respect to any Prospective Buyer.
- Prospective Buyer Identification. Reuveni Development Marketing does not require Prospective Buyers to provide identification to work with a Reuveni Development Marketing agent. However, Prospective Buyers may be required to show proof of identification to (i) enter certain Reuveni Development Marketing 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. Reuveni Development Marketing does not require Prospective Buyers to sign an exclusive buyer representation agreement to work with a Reuveni Development Marketing agent, however, a prospective buyer and Reuveni Development Marketing agent may agree to utilize an exclusive buyer representation agreement.
- Prospective Buyer Evidence of Pre-Approval. Reuveni Development Marketing does not require Prospective Buyers to provide confirmation of a loan or mortgage pre-approval to work with a Reuveni Development Marketing 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.