Which parties must sign a Delaware sales contract to accept an offer?

Prepare for the Delaware Real Estate Test with flashcards and multiple choice questions. Each question provides hints and explanations. Get ready for your exam!

In a Delaware sales contract for real estate, both the buyers and sellers must sign the contract to formally accept an offer. This mutual agreement between the two parties establishes the essential terms of the sale, such as the price, closing date, and any contingencies that may apply. The signatures signify that both parties agree to the terms set forth in the contract, creating a legally binding agreement.

Without the signatures from both the buyers and sellers, the contract would not be valid or enforceable. This requirement ensures that both parties acknowledge and accept their respective obligations and rights under the agreement. Agents, while often involved in facilitating the transaction and assisting clients, do not need to sign the contract for it to be valid. Their role is to represent the interests of their clients, but the binding nature of the contract requires only the agreement of the buyers and sellers.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy