inc: Difference Between Earning Commission in NY or NJ - 11/15/15 02:00 AM
New Jersey is a Statutes of Frauds State.
 
New York is a Procuring Cause State.
 
An oral brokerage agreement is enforceable under New York law and does not violate the Statute of Frauds.
 
 
In New Jersey all agreements must be reduced into writing to comply with the Statute of Frauds.
 
The statute of frauds in New Jersey requires that a real estate broker must memorialize in writing any agreement to be paid a commission for the sale of real estate in order for the agreement to be enforceable. N.J.S.A. 25:1-16, which is the section in the statute of frauds dealing with real estate brokers, has … (1 comments)

 
Otis Duffy, Otis Duffy Centum Broker of Record NY, NJ & FL (Centum Real Estate Group)

Otis Duffy

Otis Duffy Centum Broker of Record NY, NJ & FL

Manhattan, NY

More about me…

Centum Real Estate Group

Address: 299 Broadway, Suite 1605, New York, NY, 10007

Office: (646) 687-7934

Mobile: (201) 707-3879



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