Infocus Ventures LLC as a broker of residential real estate is required by New York State Law to adopt Standard Operating Procedures (“SOPs”) that Infocus Ventures LLC and its real estate licensees operating in New York State shall uniformly apply regarding prospective buyers prior to receiving any services.
These SOPs are:
Prospective Buyer Identification: Infocus Ventures LLC does not require prospective buyers to provide identification to begin work with an Infocus Ventures LLC licensee. However, Prospective Buyers may be required to show proof of identification to (i) enter certain Compass 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. Infocus Ventures LLC does not require prospective buyers to enter into an exclusive buyer representation agreement to begin work with an Infocus Ventures LLC licensee. However, a prospective buyer and an Infocus Ventures LLC licensee may mutually agree to enter into an exclusive buyer representation agreement.
Prospective Buyer Evidence of Pre-Approval. Infocus Ventures LLC does not require prospective buyers to provide proof of a mortgage pre-approval as a condition to begin work with an Infocus Ventures LLC licensee. However, a third party, including a Seller or listing agent, may require a mortgage pre-approval and/or other requirements when allowing prospective buyers to enter their homes or when reviewing offers, in which case an Infocus Ventures LLC licensee will make such requirements known to prospective buyers in the course of working with prospective buyers.