Pursuant to Real Property Law section 442-H
Pursuant to New York State law, Schacker Real Estate Corp. (“Schacker”) is required to publish its Standard Operating Procedures that detail prerequisites that all prospective homebuyers (“Prospective Buyers”) must meet before they receive services from a Schacker agent. Schacker agents must implement these pre-services procedures uniformly with respect to any Prospective Buyer.
● Prospective Buyer Identification. Schacker does not require Prospective Buyers to
provide identification to work with a Schacker agent. However, Prospective Buyers may
be required to show proof of identification to (i) enter the Schacker 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. Schacker does not require Prospective Buyers to
sign an exclusive buyer representation agreement to work with a Schacker agent, however,
a prospective buyer and Schacker agent may agree to utilize an exclusive buyer
● Prospective Buyer Evidence of Pre-Approval. Schacker does not require Prospective
Buyers to provide confirmation of a loan or mortgage pre-approval to work with a
Schacker agent; however, a third party, including a seller or listing agent, may require
proof of pre-approval, including but not limited to, prior to attending a showing or open
house or receiving an offer from the Prospective Buyer.
Effective: April 20, 2022