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Ask Elliott 53: Can I write contract on a four family?

Elliott, another agent and I wrote a contract for a four family home. Both the buyer and seller were at the table, both signed the contract and both took a copy home with them.

I got a call from one attorney who said, as agents, we could not write a contract for four family and that he would write a new contract.

It’s now been two weeks, I have gotten no attorney review letters, or a new contract.

My question is do we have a valid contract?

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My answers are general answers to general questions regarding real estate practices in New Jersey, I am not a lawyer. I suggest that you consult an attorney when appropriate.