SOP Procedures Disclosure.
Policy Regarding buyers of Real Property
This policy identifies the Broker’s procedures with regards on how prospective buyers are handled.
The company has put forth a procedure that is in compliance with the NYS DOS SOP guidance.
The Executive Group Realty does not require any prospective purchaser to:
1. Sign a Buyer Brokerage Agreement.
2. Provide identification
3. Provide a pre-approval.
Each Agent/Broker associate is an independent contractor and as such will need to follow guidelines set by not only the Executive Group Realty, but by other Agencies/Homeowners and interested parties.
A prospective buyer that elects to not execute a Buyer Brokerage agreement will not be represented by the Executive Group Realty and therefore no fiduciary relationship will be formed.
A prospective buyer electing to not show identification at the request of cooperating Brokers or Property owners when requested, understands that they may be barred from entering a property.
A prospective buyer electing not to provide a Pre-approval/Pre-qualification letter at the request of cooperating Brokers/property owners might be barred from viewing or presenting an offer on a property.
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