STANDARD OPERATING PROCEDURES
On December 21, 2021, New York Real Property Law section 442-h (rules of the Secretary of State relating to real estate brokers and salespersons) was amended to require, in part, that real estate brokers “institute standardized operating procedures for the prerequisites prospective homebuyers must meet prior to receiving any services.” What follows are Christopher Martin's standard operating procedures as required by this new law:
Christopher Martin does not require clients to show identification before working with him.
Exclusive Broker Agreements
Clients are not required to sign exclusive arrangements before working with Christopher Martin.
Pre-Approval For Mortgage Loans
Christopher Martin does not require prospective buyers to have a mortgage pre-approval letter.
However, I encourage clients to get pre-approved as early as possible in the process.