Legal

Standard Operating Procedures

Buyers

Effective April 19, 2022

Under New York law, real estate brokerages must post the procedures they require of prospective buyers. These are Marshall Realty & Associates' procedures:

  1. Identification. It is not required for any prospective customer of Marshall Realty & Associates to furnish identification prior to entering a customer relationship with Marshall Realty & Associates or its Agents.
  2. Buyer agreements. An exclusive “Right to Buy” or “Buyer Broker’s Agreement” may be offered at each individual Agent’s discretion, but customers are not required to sign such Agreement as a pre-requisite for doing business with Marshall Realty & Associates.
  3. Mortgage pre-approval. While getting “pre-approved” for a mortgage is advantageous to the Buyer, it is at the discretion of each Agent as to whether they choose to work with a customer who has not been “pre-approved” for a mortgage. It is the position of Marshall Realty & Associates, that prospective customers are not required to be pre-approved for a mortgage as a pre-requisite for doing business with Marshall Realty & Associates.

Download the procedures (PDF)

See also our Fair Housing & Consumer Notices.