If there is a house that has a typo online regarding the asking price, is the seller legally bound to that price?
Question Details: There is a home listed for 1M that clearly is worth 2-3M. I thought I heard somewhere that if it was a typo and listed for a price and is not corrected they are stuck with the price.
Since you are aware of the incorrect price, you cannot enforce a contract with that mistake against the seller.
If you did not know and had no reason to know of the mistaken term and entered into a contract, you could enforce the mistaken term against the seller.
The FTC (Federal Trade Commission) mandates that all advertising be "truthful and non-deceptive". Deceptive advertising is defined as containing an inaccurate statement that may affect a customer's buying decision. However, misprints in advertising can and do occur on the part of the advertiser or the publication. In such a case, the FTC makes it clear that an honest mistake in an ad need not be honored.