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

Elliott will answer any questions that you may have about the laws, rules or code of ethics. He never will divulge specifics of your name or company. Some questions will be posted here. Email your questions to askelliott@caplanschool.com.

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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