SOP

New York Real Estate Services Inc. Standard Operating Procedures
 
Pursuant to New York State law, CWC ASSET MANAGEMENT LLC is required to publish its Standard Operating Procedures (SOP) that detail prerequisites that all prospective real estate property buyers must meet before they receive services from CWC ASSET MANAGEMENT LLC. CWC ASSET MANAGEMENT LLC agents must implement these pre-services procedures uniformly with respect to any Prospective Buyer.
 

•  Prospective Buyer Identification. CWC ASSET MANAGEMENT LLC does not require Prospective Buyers to provide identification to work with a CWC ASSET MANAGEMENT LLC. However, Prospective Buyers may be required to show proof of identification to (i) enter CWC ASSET MANAGEMENT LLC offices if required by the building's security, (ii) attend an open house or showing at the direction of a homeowner or listing agent.

• Buyer Representation Agreement. No exclusive brokerage agreements are required for buyer(s) to work with CWC ASSET MANAGEMENT LLC agents. Nevertheless, New CWC ASSET MANAGEMENT LLC agents are encouraged to solicit exclusive brokerage agreements from buyers.

• Proof of Funds/Pre-Approval. CWC ASSET MANAGEMENT LLC does not require Prospective Buyers to provide proof of funds or a mortgage pre-approval letter as a condition to begin working with one of  its agents. ; 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.