Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H
Better Homes and Gardens Real Estate Safari Realty has adopted the following Standardized Operating Procedure, as required by New York State Law for all purchasers of Real Estate who decide to utilize the services of our company. Please be advised that Better Homes and Gardens Real Estate Safari Realty: 1. Does not require prospective buyer clients or customers to provide identification in order to view properties. Buyers should be aware that at some time during a transaction that identification may be requested by the parties to a potential contract of sale. 2. Does not require perspective buyer clients or customers to enter into an Exclusive Buyer Representation Agreement in order to view properties. Buyers should be aware that a discussion, with our licensee, regarding the potential benefits of exclusive representation as an option to non-exclusive representation, since it is the choice of the buyer, as to what type of representation they desire may be reviewed. Also, buyers may at any time during the process request exclusive buyer representation. Signing, as required by New York State Law, of the New York State Disclosure Form (Agency) or the New York State Housing Discrimination Disclosure Form does not constitute an Exclusive Buyer Representation Agreement. 3. Does not require perspective buyer clients or customers to provide a pre-approval for a mortgage loan or proof of funds in order to view properties. Buyers should be aware that a pre-approval for a mortgage loan and or proof of funds is usually required by sellers at the time of presenting an offer. Buyers should also be aware that a discussion, with our licensee, of the benefits of a pre-approval may be discussed as an option to more accurately identify the affordability index or price range they should be searching in, both as a time management tool as well as providing the best opportunity to find their desired home. Although we may not require, sellers may require for offer presentation.
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Terri Passanesi
Associate Real Estate Broker
Better Homes and Gardens Real Estate Safari Realty
917.282.3341
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Resources
- Dave's Kleen-Outs
- HIC of SI Directory
- Summit Property Insp
- Ace Home Inspectors
- #1 All County Insp
- US Mortgage Corporation
- Staten Island Business Council
- Tri Star Mortgage
- Frank Savona
- First Home Bank
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