Contracts
In Pennsylvania, an Agreement of Sale for residential real estate must include which of the following to be enforceable?
AA notarized signature from the buyer only
BIdentification of the parties, property description, purchase price, and signatures of all parties✓ Correct
CApproval by the State Real Estate Commission
DA minimum deposit of 10% of the purchase price
Explanation
A valid Pennsylvania Agreement of Sale must identify the parties, provide a legal description or sufficient description of the property, state the purchase price, and include the signatures of all parties. These are the essential elements for enforceability under the Statute of Frauds.
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