New York Real Estate Binder Agreement

The State Department of New York addressed this issue in New York State, when the State Supreme Court`s Department of Appeals was asked to define how far real estate agents could go in developing bids, counter-offers, and assumptions. Most cases deemed unenforceable fail due to insufficient distribution and payment terms. The following examples, in turn provided by Bergman, illustrate this particular problem. “If someone has agreed to sell and someone has agreed to the purchase, then there is no reason why they should not be bound by this agreement,” Sir. . . .