The New York Assembly Bill A9175 was signed by the governor and requires real estate brokers to institute standardized operating procedures (SOP) for the prerequisites prospective homebuyers shall meet prior to receiving any services.

1. RE/MAX Prime Properties does not require prospective buyers to provide identification to begin work with RE/MAX Prime Properties.

2. RE/MAX Prime Properties does not require prospective buyers to enter into an exclusive buyer representation agreement to begin work with RE/MAX Prime Properties.  However, a prospective buyer and a RE/MAX Prime licensee may mutually agree to enter into an exclusive buyer representation agreement.

3. RE/MAX Prime Properties does require prospective buyers to provide proof of a mortgage pre-approval or proof of funds for a potential cash offer.