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Is a verbal agreement legal for real estate in NC?
No. The Statute of Frauds states that real estate contracts must be in writing.
What is the law that requires transfer of real property ownership to be in writing?
The Statute of Frauds provides that contracts for the sale of land must be in writing.
Can a real estate transaction be enfoceable in oral form?
No, if you mean in the US. American law is based on the English Common Law, which includes the Statute of Frauds. This statute requires that all contracts for the purchase and sale of real property shall be in writing to be enforceable. An easy way to remember this is the old saying that an oral contract in real estate is worth the paper it is printed on--Zero/Nothing.
What qualifications are required for Real Estate School?
There aren't any "real estate schools". Real estate brokers must be licensed, which involves knowing the ins and outs of making offers, writing contracts, and negotiating final deals. Experience is usually gained by apprenticeships with other licensed brokers.
Does Article 2 of the UCC governs real estate contracts?
No. It governs transactions dealing with movable property (goods), common law deals with real estate and personal service contracts.
Where can I find a sample real estate contract?
A web search for "sample real estate contract" will return many sites that offer sample real estate contracts. You could also try a real estate investing or real estate sales book at your local book store for more samples. One resource that is often overlooked when looking for sample contracts is a local library. Libraries often have legal resources and may have a sample, and if not, they will likely have real estate books that will have copies of various types of contracts in them.
How do you sell the real estate your business is located in without harming your business in the process?
As a broker since 1995, the best I can suggest is written crystal-clear disclosure of your objectives and expectations in the real estate listing, and more importantly in a written agreement with the purchaser, which I would have carefully analyzed and apprvoed by your trusted attorney (who you are confident has a perfectly clear understanding of your objectives). In real estate, if it's not in writing, it just plain isn't Contracts, contracts, contracts! The first place I would stop is at your attorney's office!
Are oral contracts viable in real estate?
They are not enforceable. The Statute of Frauds mandates that all contracts for the sale and conveyance of real property must be in writing. Period, end of story. Even if you are giving your child your home--you must execute a quit claim deed to give it to them.
Is a verbal agreement to purchase proprty in the state of Washington legally binding?
AnswerCheck with your state real estate board. But to my knowledge all real estate contracts must be in writing to be binding. Answer Absolutely not. All real estate transactions in the state of Washington must be in writing, and must have a full and complete legal description of the property being sold. (Firth v. Lu, 103 Wn. App. 267 (2000))
What is the grace period in the state of Florida for real estate contracts?
Three days.
Is an email agreement binding with real estate in Oregon?
That is unlikely. Generally, any agreement for the sale of real estate must be in writing and signed by the parties.That is unlikely. Generally, any agreement for the sale of real estate must be in writing and signed by the parties.That is unlikely. Generally, any agreement for the sale of real estate must be in writing and signed by the parties.That is unlikely. Generally, any agreement for the sale of real estate must be in writing and signed by the parties.
What is the interest limit on land installment contracts involving Maryland real estate?
No limit
