Friday, 21 February 2020
Agent Resource Center
Agent Resource Center

Question: A seller sells a property on a land contract. He cannot take legal action on which of the following?`

Written by Posted On Saturday, 18 January 2020 05:00

(A) Specific performance
(B) Damages
(C) Agreement not to record
(D) None of these


Answer:  (C)  A seller, under the land contract, may sue for specific performance or damages in the event of default. He cannot prohibit the buyer from recording the contract. The clause prohibiting recording is unenforceable but does not affect the validity of the contract.

Read 512 times Last modified on Sunday, 19 January 2020 07:26
Rate this item
(0 votes)

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.