Contracts
In Illinois, which of the following is required for a real estate contract to be enforceable under the Statute of Frauds?
ANotarization by a public notary
BApproval by the Illinois DFPR
CWritten form and signatures of the parties✓ Correct
DA minimum earnest money deposit of $1,000
Explanation
Under the Statute of Frauds, contracts for the sale of real estate must be in writing and signed by the parties to be enforceable. Illinois follows this requirement for real estate purchase agreements and listing agreements.
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