Free Pennsylvania Real Estate Practice Exam Practice Question
A valid contract for the sale of real estate MUST include:
Correct Answer: A
Rationale: A valid contract for the sale of real estate requires an offer and acceptance, establishing mutual agreement between the buyer and seller. This foundational element ensures that both parties understand and agree to the terms of the transaction.
Option B, an acknowledgment, is not a necessary component of a contract; while it can be useful for clarity, it does not constitute the contract itself. Option C, a copy of the seller's deed, is not required for the formation of the contract, as the deed is a separate document that transfers ownership. Lastly, Option D, the signature of a witness, is not mandated in all jurisdictions for real estate contracts, making it non-essential for validity.
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