New York Real Estate Standard Operating Procedures
Pursuant to New York State law, Tribeca Real Estate is required to publish its Standard Operating Procedures that detail prerequisites that all prospective homebuyers (“Prospective Buyers”) must meet before they receive services from a New York Tribeca Real Estate agent.
New York Tribeca Real Estate agents must implement these pre-services procedures uniformly with respect to any Prospective Buyer.
Prospective Buyer Identification
Tribeca Real Estate does not require Prospective Buyers to provide identification to work with a Tribeca Real Estate agent. However, Prospective Buyers may be required to show proof of identification to (i) enter certain Tribeca Real Estate offices if required by the building’s security, (ii) attend an open house or showing at the direction of a homeowner or listing agent, or (iii) in any other circumstance as directed by a third party, including but not limited to, a seller or listing agent.
Buyer Representation Agreement
Tribeca Real Estate does not require Prospective Buyers to sign an exclusive buyer representation agreement to work with a Tribeca Real Estate agent, however, a prospective buyer and Tribeca Real Estate agent may agree to utilize an exclusive buyer representation agreement.
Prospective Buyer Evidence of Pre-Approval
Tribeca Real Estate does not require Prospective Buyers to provide confirmation of a loan or mortgage pre-approval to work with a Tribeca Real Estate agent; however, a third party, including a seller or listing agent, may require proof of pre-approval, including but not limited to, prior to attending a showing or open house or receiving an offer from the Prospective Buyer.
Effective April 7, 2022