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.”
RE/MAX Capital, our associated licensees, and teams are required to adhere to the following Standard Operating Procedures:
- RE/MAX Capital does not require prospective buyers to show proof of identification.
- RE/MAX Capital licensees may request a copy of a buyer’s identification, but it is not required.
- RE/MAX Capital does not require a mortgage pre-approval letter or proof of funds to show homes to prospective buyers.
- The RE/MAX Capital licensee may suggest that you get a pre-approval letter and will discuss the benefits with you.
- RE/MAX Capital WILL require a pre-approval letter or proof of funds upon submitting a purchase offer.
- RE/MAX Capital DOES require a signed Exclusive Buyer Agency Compensation Agreement.
- The RE/MAX Capital licensee you are working with will REQUIRE you to sign an Exclusive Buyer Agency Compensation Agreement BEFORE touring homes.
- The duration and compensation details within the Exclusive Buyer Agency Compensation Agreement are fully negotiable and not set by law.
If any of these items are required by the seller, then our licensee will discuss this with you.
Updated August 17, 2024
The Greater Syracuse Association of REALTORS ®: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, powered by CNYIS. Real estate listings held by firms other than REMAX Capital, are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or
©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS. Real estate listings held by firms other than REMAX Capital, are marked with the IDX logo and detailed information about them includes the Listing Brokers Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor REMAX Capital
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
