Standard Operating Procedures
for Residential Homebuyers
Prior to receiving any Residential Homebuying services from Mirus Realty Advisors ("Mirus"), be advised that all prospective New York state homebuying clients are advised of the following Standard Operating Procedures employed by Mirus with respect to all residential buyers:
Proof of Identification
All prospective homebuyers are required to provide Proof of Identification via at least one form of government-issued identification which must contain a recent photograph of the individual specified in the text of the identification document. The identification document must also be currently valid, i.e., the document must be at least 120 calendar days from reaching its expiration date. Valid forms of identification include state-issued Driver's Licenses and valid government-issued Passport documents. All individuals participating either as named buyers or as members of a partnership or any type of corporation or limited liability company that will be assigned ownership of a property via the titling documents for said property are required to meet this requirement.
Is An Exclusive Brokerage Agreement Required?
Mirus does not require that prospective residential homebuyers sign an Exclusive Brokerage Agreement to receive service as a prospective residential homebuyer. However, be advised that, without such a signed agreement, a real estate broker's fiduciary obligations remain with prospective home sellers rather than with a prospective homebuyer. Therefore, prospective homebuyers may, at their option, choose to sign such an agreement with Mirus to ensure that Mirus fully represents their interests throughout the homebuying process.
Mortgage Pre-qualification and Proof of Funds Requirements
All prospective homebuyers wishing to engage Mirus as part of their homebuying process and who plan to rely on mortgage funding to complete their home purchase must provide proof of being pre-qualified for a mortgage of an appropriate / sufficient funding amount from a fully licensed lending institution or licensed mortgage broker.
All prospective homebuyers, regardless of whether they plan to rely on mortgage funding, must also provide "Proof of Funds", i.e., documents that provide verifiable proof that the homebuyer(s) have sufficient liquid funds available to complete their intended home purchase. Proof of Funds documentation can include: 1) A certified letter from a Chartered Accountant attesting to the availability of the required funds; 2) Recent bank statements; 3) Recent financial brokerage statements.