Southold Real Estate

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. Policy:

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. Procedures:

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.