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/salesperson/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.