Contracts
Which element is NOT required for a valid real estate contract in Iowa?
AOffer and acceptance
BConsideration
CWritten form✓ Correct
DLegal capacity of parties
Explanation
While Iowa's Statute of Frauds requires real estate contracts to be in writing to be enforceable, an oral agreement can technically be valid but unenforceable. Written form is required for enforcement, not validity per se.
Related Iowa Contracts Questions
- An Iowa lease agreement for more than one year must be:
- An Iowa buyer signs a purchase agreement but the seller never signs. What is the status of the contract?
- The purpose of a 'merger' doctrine in Iowa real estate law is that:
- A purchase agreement that includes an inspection contingency typically allows the buyer to:
- In Iowa, the closing date specified in a purchase agreement refers to:
- Iowa's purchase agreement form used by most REALTORS® is published by the:
- What is the legal effect of a buyer's conditional acceptance of a seller's counteroffer in Iowa?
- In Iowa, a listing agreement is legally classified as what type of contract?
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →