Ironstone Partners
Franklin Delano Roosevelt Station
New York, NY 10150
Monday – Friday: 9AM – 6PM
General Inquiries
info@ironstone-partners.com
Leasing & Acquisitions
leasing@ironstone-partners.com
Investment Opportunities
investments@ironstone-partners.com
Ironstone Partners Standard Operating Procedures—
With respect to: New York Real Property Law section 442-h (rules of the Secretary of State relating to real estate brokers and salespersons) amended to require, in part, that real estate brokers “institute standardized operating procedures for the prerequisites prospective homebuyers must meet prior to receiving any services.” The December amendment to section 442-h was signed contingent upon an agreement the Governor reached with the legislature to revise the legislation (Governor’s Approval Memo #80).
Ironstone Partners when acting in the capacity of a broker for a homebuyer requires the following:
(i) prospective clients shall show identification;
(ii) an exclusive broker agreement is required; and
(iii) a pre-approval for a mortgage loan is required.