Contracts
Under the Arkansas Statute of Frauds, real estate contracts must be:
ANotarized and witnessed by two parties
BIn writing and signed by the party to be charged✓ Correct
CRecorded in the county where the property is located
DApproved by AREC before becoming enforceable
Explanation
The Statute of Frauds requires that contracts for the sale of real estate be in writing and signed by the party against whom enforcement is sought. Oral real estate contracts are generally unenforceable.
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