Question

To what kind of real estate contracts does New York's "Plain English Law" apply?

this law does not apply to real estate contracts
residential property contracts with commission amounts of $50,000 or less
foreign language residential contracts with commission amounts of $50,000 or less
any residential property contracts written in a foreign language

Answer 1

The New York 'Plain English Law' applies to residential property contracts with commission amounts of $50,000 or less.

Step-by-step explanation:

The New York 'Plain English Law' applies to residential property contracts with commission amounts of $50,000 or less. It does not apply to real estate contracts overall or to contracts written in a foreign language. The law aims to ensure that residential real estate contracts are written in clear and easily understandable language, benefiting buyers and sellers in the process.

Learn more about New York 'Plain English Law' and its application to residential property contracts