All contracts involved in the sale of real property must be:

Study for the Real Estate Contract Test. Improve your knowledge with interactive flashcards and multiple-choice questions, each equipped with hints and explanations. Prepare well for your exam!

In the context of real property transactions, contracts must be in writing to comply with the Statute of Frauds. This legal principle requires certain types of contracts, including those related to the sale of real estate, to be documented in writing to be enforceable. This requirement serves to prevent misunderstandings and fraud that can arise from oral agreements, which can be difficult to substantiate.

Additionally, written contracts provide a clear record of the terms agreed upon by both parties, such as the purchase price, the legal description of the property, and any contingencies or obligations involved in the transaction. Having a written contract protects all parties and helps to ensure that all elements of the agreement are clearly outlined and acknowledged by both the buyer and the seller.

While other aspects of contracts, like execution and signatures, are important, the foundational requirement is that the contract must be in writing to be valid in real estate transactions.

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