The People of the State of New York NY IN SENATE requires the following that each Real Estate Broker shall institute standardized operating procedures for the pre-requisites prospective homebuyers must meet prior to receiving any services such as:
Section 1. Subdivision 4 of section 442-h
4. (a) shall include but not limited to the following:
(i) prospective clients shall show identification
(ii) exclusive broker agreement is requires
(iii) pre-approval for a mortgage loan is required
(iv) any other such standardized operating procedures as the secretary of state shall determine by regulation and upon notice and public hearing