Contracts
In Iowa, a contract for the purchase of a property worth more than $500 must generally be in writing under:
AThe Iowa Commercial Code
BIowa's Statute of Frauds (Iowa Code §622.32)✓ Correct
CIowa Real Estate Commission rules only
DFederal HUD regulations
Explanation
Iowa's Statute of Frauds (Iowa Code §622.32) requires real estate contracts to be in writing to be enforceable in court. This applies to all real estate transactions regardless of value.
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