For a real estate contract to be enforceable, which of the following is required?

For a real estate contract to be enforceable, which of the following is required?

• A. Drafted by a lawyer.
• B. On an approved form.
• C. In writing.
• D. Unilateral agreement.

Answer: (C)

For a real estate contract to be enforceable, it is essential that the contract is in writing. This requirement stems from the Statute of Frauds, which mandates that certain types of contracts, including those for the sale of real estate, must be documented in writing to be legally binding. The purpose of this law is to prevent misunderstandings and fraudulent claims regarding the terms of the agreement. A written contract provides clear evidence of the intentions and obligations of the parties involved, ensuring that there is a tangible reference to the agreed-upon terms. While it might be beneficial for a real estate contract to be drafted by a lawyer or to use an approved form, these conditions are not universally required for enforceability. Additionally, a unilateral agreement does not inherently fulfill the writing requirement since it refers to a contract in which only one party makes a promise or an offer, which may not necessarily concern the enforceability condition related to written documentation.

For a real estate contract to be enforceable, it is essential that the contract is in writing. This requirement stems from the Statute of Frauds, which mandates that certain types of contracts, including those for the sale of real estate, must be documented in writing to be legally binding. The purpose of this law is to prevent misunderstandings and fraudulent claims regarding the terms of the agreement. A written contract provides clear evidence of the intentions and obligations of the parties involved, ensuring that there is a tangible reference to the agreed-upon terms.

While it might be beneficial for a real estate contract to be drafted by a lawyer or to use an approved form, these conditions are not universally required for enforceability. Additionally, a unilateral agreement does not inherently fulfill the writing requirement since it refers to a contract in which only one party makes a promise or an offer, which may not necessarily concern the enforceability condition related to written documentation.