Legal Question in Real Estate Law in New York

real estate contract

Reached oral agreement w/seller. List agent referred to his/my atorneys. I paid $900 retainer and $150 to co-op mgt. 1 week later list agent told me seller was going with higher offer. With these facts oral/implied contract , even here in NYC, should be binding. No?


Asked on 5/04/09, 12:27 pm

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

Re: real estate contract

Real estate contracts must be in writing. So your answer is no.

Mike.

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Answered on 5/04/09, 1:23 pm


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