Sentences with phrase «valid real estate contracts»

During the 2008 economic downturn however, many buyers used ILSA's rigorous reporting requirements to rescind valid real estate contracts, as the market softened and equivalent units sold for less money than they had agreed to pay.

Rep. Maloney's bill exempts condo developers from these disclosure requirements, and therefore prevent buyers from rescinding otherwise valid real estate contracts due to personal financial reasons.

During the recent economic downturn as markets softened and some high rise condominium developers lowered their asking prices, some early buyers used the ILSA's reporting requirements to rescind valid real estate contracts.

Not exact matches

Century 21 Volpe Realty v. Jhong Kim (231 A.D. 2d 667)- broker entitled to real estate commission where seller entered into a valid and enforceable contract for sale of property and then willfully breached the agreement, causing the failure of the transfer of title to the property; agreement satisfies statute of frauds.

A real estate contract is an «executory contract» that remains legally valid until the closing is completed.

If a person acting as a Florida real estate agent or broker agrees to sell, or even goes so far as to negotiate the sale of your home or condo, but didn't bother to get or keep up a valid Florida real estate license, then that contract to pay a commission to that party is considered void under Florida law.

Well, real estate contracts are also «supposed to be» in writing to make them valid.

You are a real estate salesperson or broker with a current and valid license, of legal age, and capable of forming a legally binding contract.