For a valid real estate sales contract, which of the following is NOT a requirement?

A valid real estate sales contract must adhere to several critical requirements to ensure its enforceability. One of these requirements is an accurate description of the property. This includes details that clearly identify the property being sold, such as its address or legal description, to avoid any ambiguity regarding which property is involved in the transaction.

Competent parties are also essential; both the buyer and seller must have the legal capacity to enter into a contract. This means they must be of legal age and mentally competent, ensuring that they understand the implications of their agreement.

Additionally, the contract must be signed by both parties—the buyer and the seller—indicating their mutual consent to the terms outlined within the document. This signature acts as an acknowledgment of the agreement and is vital for the contract to be valid.

Witness signatures, however, are not universally required for the validity of a real estate sales contract. While some states or specific circumstances may necessitate witnesses for additional legal protection or for certain types of documents (like wills or powers of attorney), they are not a standard requirement for the enforceability of real estate sales contracts. Thus, the absence of witness signatures does not invalidate the contract as long as all other essential elements are met.