Contracts
Under Iowa law, an oral modification to a written real estate contract is:
AAlways valid if both parties verbally agree
BTypically unenforceable due to the Statute of Frauds and the integration clause; modifications should be in writing✓ Correct
CBinding only if witnessed by the broker
DValid for 30 days before needing to be reduced to writing
Explanation
Iowa's Statute of Frauds requires real estate contracts to be in writing. Oral modifications to a written real estate contract are typically unenforceable. All modifications should be made in writing, signed by both parties, and attached to the original contract as an amendment.
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