List 1 Team @ Own NY Real Estate Standard Operating Procedure for Home Buyers Pursuant to Real Property Law 442-H:
Please be advised that our real estate licensees:
Do NOT require a Prospective buyer client to show identification *
Do NOT require Exclusive buyer broker agreements
Do require a Pre-approval for a mortgage loan / proof of funds
*Although brokerage may not require such information, a seller of real estate may require this information prior to showing the property and / or as part of any purchase offer.