Contracts
In Kentucky, the real estate sales contract is sometimes called the 'agreement of purchase and sale.' For it to be enforceable, it must:
ABe notarized
BBe in writing, signed by the parties, identify the parties and property, state the price, and contain consideration✓ Correct
CBe recorded with the county clerk
DBe reviewed by KREC
Explanation
An enforceable Kentucky real estate purchase contract requires: a writing signed by the parties, identification of the parties and property, the purchase price, and consideration (something of value exchanged).
Related Kentucky Contracts Questions
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