Standardized Operating Procedures for Prospective Homebuyers
- Prospective Client’s Identification: Buyer(s) who are unaccompanied and/or accompanied by their agent are not required to provide identification before entering a property or making an offer.
- Exclusive Broker Agreement: No exclusive brokerage agreements are required for buyer(s) to work with PFRN agents. Nevertheless, agents and brokers are encouraged to solicit exclusive brokerage agreements from buyers.
- Pre-Approval / Proof of Funds: PFRN, Inc. does not require buyer(s) to provide proof of funds or a mortgage pre-approval as a condition to begin working with one of its agents. Proof of funds, or a mortgage pre-approval when an offer includes financing, may be required before making an offer to purchase.
Notwithstanding the foregoing PFRN procedures, a seller may require buyer to provide identification, proof of funds, and/or pre approval for financing prior to showing the property and/or as part of any purchase offer. All criteria established by sellers of real property must be in writing in advance of soliciting buyers and must be uniformly applied to all buyers.