STANDARD OPERATING PROCEDURE REAL ESTATE PURSUANT TO REAL PROPERTY LAW §442-H 

In accordance with Real Estate pursuant of Real Property Law §442-H of 2022, Nin Realty LLC (the "Broker") has instituted the following standardized operating procedures publicly via website and mobile device for the prerequisites prospective homebuyers or renters must meet prior to receiving any services. Hard copies are available upon request.

IDENTIFICATION

 ●  A buyer(s) identity must be verified upon signing an exclusive agency agreement. Buyer(s) must provide at least one (1) valid (non-expired) government-issued identification. The identification type, ID number and expiration date will be noted in the agency agreement.

Prior to renter or buyer solicitation, owner/seller(s) legally have the right to establish their own qualifying criteria before a prospective renter or buyer and their agents enter their property, such criteria must be non-discriminatory and applied to all.

EXCLUSIVE AGENCY AGREEMENT

 ● Prior to receiving any services, buyer(s) are required to sign an exclusive agency/buyer-broker agreement.

 ● Buyer(s) have the right to negotiate brokerage fees associated with the purchase/sale of real property prior to signing Nin Realty's exclusive agency agreement.

MORTGAGE PRE-APPROVAL

 ● Buyer(s) must submit a pre-approval upon signing an exclusive agency agreement. If a pre-approval has not yet been obtained, the prospective buyer(s) must submit a mortgage pre-approval within 15 days of signing an agency agreement. No services will be provided until documentation of the buyer(s) preliminary evaluation by a qualified lender is submitted to Nin Realty LLC. Otherwise, the agreement will be deemed nulled and void.

Mortgage pre-approvals are required when putting in an offer for the purchase of real property through financing. If the buyer(s) are not financing, proof of funds will be requested.

Updated 4/12/22