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Based on a recent case that was decided in New York State Court, the use of e-mails can have the same binding effect on buyers and sellers as a traditional “ink on paper” signed contract. “Given the vast growth in the last decade and a half of people and entities using e-mail, handwriting and e-mail should basically be considered one and the same” according to the decision. This New York Times article explains in greater detail the facts and circumstances of the case in question. The clear message to brokers and their clients is be careful when clicking “send”! Read more
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