Contracts
In New York real estate practice, the contract of sale is typically prepared by:
AThe real estate agent
BThe title company
CAn attorney representing the seller✓ Correct
DThe Department of State
Explanation
In New York, it is customary for an attorney — typically the seller's attorney — to prepare the contract of sale. Real estate agents typically do not draft the contract.
Related New York Contracts Questions
- In New York, when a seller provides a property condition disclosure statement, it must be provided to the buyer:
- Under New York law, a 'merger clause' (also called an 'integration clause') in a real estate contract means:
- In New York, a 'post-closing occupancy agreement' (sometimes called a 'use and occupancy agreement') allows the seller to:
- In New York, a 'rescission' of a real estate contract means:
- In New York, a real estate contract is 'executory' when:
- A New York real estate purchase contract contains an 'inspection contingency.' If a home inspector discovers a defective roof, the buyer's typical options under this contingency are:
- Under New York law, a contract for the sale of real property signed by a person who was legally incompetent (adjudicated) at the time of signing is:
- In New York, which of the following represents an 'implied covenant' that courts will read into most real estate contracts?
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →