NJ Justices Wary Of Atty Review For Auction Contracts
By Bill Wichert (November 9, 2021, 3:52 PM EST) -- The New Jersey Supreme Court appeared unlikely Tuesday to find that real estate auction sales contracts prepared by licensed real estate agents fall under a nearly 40-year-old requirement for a provision enabling reviewing lawyers to cancel a residential sales agreement within three days, citing how that attorney review would disrupt the auction process.
During a hearing on a split state appellate decision involving the auction of a single-family residence, the justices seemed inclined to agree with the majority's holding that such contracts did not need to include the three-day attorney review clause required under the state Supreme Court's 1983 opinion in...
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