Contracts
Which of the following is NOT an essential element of a valid real estate contract?
AOffer and acceptance (mutual agreement)
BConsideration
CNotarization✓ Correct
DLegal purpose
Explanation
Notarization is not required for a real estate contract to be valid (though it is required for deed recording). The essential elements are: offer and acceptance, consideration, legal capacity, legal purpose, and in Arkansas, written form.
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