CH16_Blueprint_Sufficiency_of_Writing.docx - Newmark Co...

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Newmark & Co. Real Estate, Inc., contacted 2615 East 17 Street Realty, LLC, to lease certain real property on behalf of a client. Newmark e-mailed the landlord a separate agreement for the payment of Newmark's commission. The landlord e-mailed it back with a separate demand to pay the commission in installments. Newmark revised the agreement and e-mailed a final copy to the landlord. The statute of frauds requires certain types of contracts need to be in writing. All of these contracts must be in writing except which one? Does the real estate broker's separate agreement for payment of commission fall under the statute of frauds? Under which category? Does an e-mail satisfy the writing requirements for the statute of frauds? All of these are the essential terms needed in a writing, except which one? Are these essential terms in the e-mail exchange?

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