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)