BC real estate contracts must be signed.

Study for the UBC Real Estate Exam. Access flashcards and multiple choice questions with hints and explanations. Enhance your preparation and ensure success!

Multiple Choice

BC real estate contracts must be signed.

Explanation:
In BC, real estate contracts must be in writing and signed to be enforceable. This stems from the requirement that agreements transferring an interest in land (and long-term leases) be evidenced by a signed writing, so oral contracts for the sale of land aren’t enforceable. Signing provides clear terms and mutual assent, which is why this is the correct rule for real estate transactions. The other options imply exceptions (like leases only or commercial only) that don’t fit the general rule, since sales of property—residential or commercial—also require a signed writing.

In BC, real estate contracts must be in writing and signed to be enforceable. This stems from the requirement that agreements transferring an interest in land (and long-term leases) be evidenced by a signed writing, so oral contracts for the sale of land aren’t enforceable. Signing provides clear terms and mutual assent, which is why this is the correct rule for real estate transactions. The other options imply exceptions (like leases only or commercial only) that don’t fit the general rule, since sales of property—residential or commercial—also require a signed writing.

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