Mulberry Realty Standard Operating Procedures
Pursuant to New York State law, Mulberry Realty is required to publish its Standard Operating Procedures outlining the prerequisites that all prospective buyers, renters, landlords, and sellers must meet before receiving services. These procedures are applied consistently to all clients and customers.
1. Identification Requirements
Mulberry Realty does not require prospective buyers, renters, landlords, or sellers to provide identification to work with an agent. However, identification may be required in the following situations:
To enter certain office buildings if required by security.
To attend an open house or property showing at the request of a homeowner, landlord, or listing agent.
Under any other circumstances as required by third parties, such as sellers, landlords, or listing agents.
2. Representation Agreements
Buyers & Renters: Mulberry Realty does not require buyers or renters to sign a representation agreement before engaging with an agent. However, before touring a property, buyers must sign either an exclusive or non-exclusive buyer representation agreement, and renters may be asked to sign a rental agency agreement.
Sellers & Landlords: Sellers and landlords must sign an exclusive or non-exclusive listing agreement before an agent may list or market their property.
3. Mortgage Pre-Approval Requirements
Mulberry Realty does not require prospective buyers or renters to provide proof of mortgage pre-approval to work with an agent. However, third parties, such as sellers or listing agents, may require proof of pre-approval before allowing a showing, open house attendance, or accepting an offer.
These procedures ensure transparency, consistency, and compliance with New York State real estate regulations.