Contracts
A buyer and seller in Arizona mutually agree to extend the closing date by 14 days after the original closing date passes without a closing. This extension should be documented by:
AAn oral agreement confirmed by text message
BA written addendum or amendment signed by both parties✓ Correct
CA note from the escrow officer
DAn email from the listing agent alone
Explanation
Any change to the terms of an executed real estate contract — including a closing date extension — must be made in writing and signed by all parties to be enforceable under Arizona's Statute of Frauds and contract law.
Related Arizona Contracts Questions
- The Arizona Association of Realtors (AAR) Residential Lease Agreement is primarily designed for:
- An Arizona listing agreement gives a broker the right to sell a property, but the seller retains the right to sell it themselves without owing a commission. This is called a(n):
- In Arizona, a listing agreement is a contract between the seller and the:
- Under the Statute of Frauds, real estate contracts in Arizona must be:
- In Arizona, which of the following BEST describes the legal effect of 'time is of the essence' in a purchase contract?
- A 'voidable' contract in Arizona is one that:
- An Arizona real estate purchase contract that is 'executory' means:
- In Arizona, a 'counter-offer' legally:
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →