Georgia Real Estate Salesperson Practice Exam

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Which element is essential for a real estate sales contract to be enforceable?

A list of all parties involved
A recognized agent's signature
A legal description of the property
A notary public's endorsement

The correct answer is: A legal description of the property

For a real estate sales contract to be enforceable, it must contain a legal description of the property being conveyed. This description is crucial because it clearly identifies the specific property involved in the sale. A legal description usually includes detailed information such as parcel numbers and boundaries, ensuring that there is no ambiguity about which property is being transferred. Without this information, the contract could be challenged or deemed invalid, as there would be uncertainty about the property rights being transferred. Including a legal description protects the interests of all parties involved by ensuring there is a common understanding of what is being sold. It also helps prevent potential disputes regarding the property's boundaries or ownership in the future.