2007-10-26 07:56:31 · 3 answers · asked by shuturhoot 1 in Business & Finance ➔ Renting & Real Estate
Not if you are not the buyer or the seller
2007-10-26 08:01:45 · answer #1 · answered by Anonymous · 1⤊ 2⤋
Actually, you are not required to have a sales contract signed for a house purchase. Unless buyer and seller, however, are closely related and trust each other irrefutably, it's not a wise move. I have seen purchases/sales consummated without a contract, but they are generally as described above....father to son, etc.
2007-10-26 15:04:09 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
Yes, in every state, this is what makes real estate contracts different from any other...if they are not in WRITING, they are NOT LEGAL.
A layperson can also not draft a contract on a home purchase, that is practicing law without a license.
Realtors use contracts that were written either by an attorney contracted by the broker's firm or approved by the Bar Association for that state for exclusive Realtor use.
2007-10-26 15:00:35 · answer #3 · answered by Expert8675309 7 · 0⤊ 1⤋