J. R. Militello Realty, Inc. Compliance Page
Company Location: 268 Main Street STE 301 Buffalo, NY 14202
Office Phone Number: 716-856-2872
Office Phone Number: 716-856-2872
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Subject:
In accordance with Chapter 153 of the Laws of 2022, effective April 20, 2022: “Each real estate broker shall institute standardized operating procedures for the prerequisites prospective homebuyers must meet prior to receiving any services. Such standardized operating procedures shall include but not be limited to the following: (i) whether prospective clients shall show identification; (ii) whether an exclusive broker agreement is required; (iii) whether pre-approval for a mortgage loan is required”. For reference, the text of the law is available online here.
Starting April 20, 2022, every real estate broker operating within the State of New York must post such standardized operating procedures on each publicly available website and mobile device application they maintain. Additionally, each publicly available website and mobile device application operated by an associated agent or “team” of such broker, must have posted their broker’s standardized operating procedures or a direct link to such information on their broker’s website. Brokers must keep an archive of all standardized procedures, for as long as they are actively licensed, by having each amendment date stamped and notarized. All new procedures must be posted and made available, at each brokerage office and online, within 30 days of any changes. Real estate brokers are not, however, required to file their standardized operating procedures with the Department of State. 
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Office Procedures:James R. Militello (broker of agent), J. R. Militello Realty, Inc. and agents registered underneath strive to always remain in compliance with New York State Licensing Law and new regulations that arise.
Our brokers and licensed salespersons will provide proper disclosure to new clients with regard to the type of agency at engagement. PLEASE BE ADVISED THAT PRIOR TO SHOWING A PURCHASER A PROPERTY: For prospective clients, including prospective homebuyers, we do not have prerequisites for the client to meet prior to providing services. We do not require our clients, including prospective homebuyers, to provide identification. We do not require our clients to sign an exclusive broker agreement as a prerequisite. We do not require a pre-approval for a mortgage loan in order to show a purchaser properties. |
