2,311,351
Technically, verbal agreement ARE binding. However, verbal agreements are very risky in that they are hard to prove. It becomes a "he said" she said" scenario. Never, ever, ever accept a verbal agreement. Get EVERYTHING in writing so there is no question as to the intent of all parties.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Nina Hollander, Broker
Charlotte, NC
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Heather Zollinger
St. George, UT
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Debe Maxwell, CRS
Charlotte, NC
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Maria Sapio
Carlisle, PA
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Michael Jacobs
Pasadena, CA
1,713,581
A clear verbal is not a legal contract in my opinion, it is merely a promise.
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Nina Hollander, Broker
Charlotte, NC
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Heather Zollinger
St. George, UT
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Michael Jacobs
Pasadena, CA
3,763,935
All you need to know is that in real estate it has to be in writing.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
4,800,282
We don't honor verbal real estate contracts in Florida.
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Nina Hollander, Broker
Charlotte, NC
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Heather Zollinger
St. George, UT
2,704,797
No signature, no contract. Except maybe a lease.
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Nina Hollander, Broker
Charlotte, NC
787,394
I would say that agency can be consumated without any signature but a contract needs to be in writing.
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Heather Zollinger
St. George, UT
4,273,331
Follow your state laws and regulations...
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Heather Zollinger
St. George, UT
8,126,776
You may have an implied agreement with a prospect until you reduce it to writing and have their signature.
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Heather Zollinger
St. George, UT
3,986,473
Expressed or implied can be construed as a contract.
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Heather Zollinger
St. George, UT
5,475,599
Depends upon your state law - in North and South Carolina, verbal agreements are not legally binding - it must be in writing.
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Heather Zollinger
St. George, UT
5,157,573
I believe almost all, if not all, real estate contracts must be in writing, even though an express contract can be verbal or written. That said, writing is always best and safest and protects the parties. Implied contracts are based on actions
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Heather Zollinger
St. George, UT
1,097,695
Get it in writing. Implication binds ONLY the agent!
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Heather Zollinger
St. George, UT
564,544
Follow Carol Williams advice and it will serve you well throughout your career -
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Heather Zollinger
St. George, UT
4,723,048
You should sit next to Stacey Wuyts who is also a student and asked a similar question. Study for the test and learn the correct answers for your licensing exam but it's always best to have everything in writing and documented when you are dealing with real estate.
Good luck.
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Heather Zollinger
St. George, UT
1,045,915
There is no such thing as a binding verbal offer for real estate here in Virginia. Appreciate you taking the time to share the question hope you will continue :-Dave
5,584,578
1,535,564
What Carol Williams said. Get everything in writing that way there is no confusion or misunderstanding.
1,749,677
1,618,024
1,466,257
Heather Zollinger The Statue of Frauds requires all real estate contracts to be in writing to be enforceable in a court of law. An implied contract is when an agent does not represent a client, but by the agent's actions, the client feels they are being represented.
4,434,227
3,074,289
5,289,780
Answered this yesterday and week and a week before that, etc.
A good rule of thumb to follow in real estate is that if it's not in writing, it doesn't really exist.
There are two types of contracts: an expressedcontract, which states the promises in clear language, and an implied contract, which is where behaviors or actions lead parties to believe an agreement exists.
1,157,841
The examples and the answers to your question may differ by jurisdiction