California Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

Practice this question and more.

Which of the following is not a requirement of a valid real estate sales contract?

Consideration
Offer and acceptance
Acknowledgment
Legal purpose

The correct answer is: Acknowledgment

A valid real estate sales contract requires both parties to give something of value (consideration), an offer to be made and accepted, and a legal purpose for the contract. An acknowledgment is not a requirement for a valid real estate sales contract. While all parties involved should acknowledge and understand the terms of the contract, it is not a legal requirement for the contract to be valid. Therefore, C is the correct answer as it is the only option that is not a requirement for a valid real estate sales contract.