716-356-2356
Real Estate Company
As the crisp autumn air settles over Western New York and the foliage turns brilliant shades of gold and amber across Erie and Niagara counties, the local real estate landscape is shifting right along with the season.
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PURSUANT TO REAL PROPERTY LAW §442-H
BFLO Realty (the “Broker”) is making this Standardized Operating Procedure available on any publicly available website and mobile device application maintained by the Broker and any of its licensees and teams. Broker has copies of these Standardized Operating Procedures available to the public upon request at Broker’s office location.
(This SOP was created on 11/27/2023 and updated on 8/17/2024 pursuant to the NAR Settlement)
Please be advised that Broker:
Does not require 1. Prospective buyer clients to show identification*
*Requires 2. Exclusive buyer broker agreements (pursuant to the NAR Settlement)
Requires 3. Pre-approval for a mortgage loan / proof of funds*
Commentary by Ryan Lundquist - Real Estate Appraiser:
"Big news from Freddie Mac. Just like FHA after the NAR lawsuit, if the sellers pays for the buyer's agent commission, it will NOT count within the amount allowed for concessions. FHA allows up to 6% but Freddie Mac allows anywhere from 2-9%. However, part of this comes down to what normal looks like in the market.
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MEDICAL/LAB/OFFICE/RETAIL SPACE FOR LEASE: 4,200 sq ft of Class B Commercial Space with a large on-site parking lot.
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