Contracts
In Florida, what must be done for a contract modification to be binding on both parties?
AVerbal agreement between both parties is sufficient
BThe modification must be agreed to in writing and signed by both parties✓ Correct
CThe modification must be approved by FREC
DThe modification is only valid if witnessed by a notary
Explanation
Modifications to real estate contracts in Florida must be in writing and signed by all parties to be binding. The Statute of Frauds requires real estate agreements to be in writing; this applies to modifications as well.
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