Maryland real estate contracts must be:
Question & Answer
Review the question and all answer choices
Verbal
A is incorrect because verbal contracts are generally not enforceable for real estate transactions in Maryland. While verbal agreements might be valid in other contexts, the Statute of Frauds requires written documentation for real estate contracts to provide clear evidence of the agreement.
In writing to be enforceable
Witnessed
C is incorrect because while witnessing contracts is good practice, Maryland law does not require real estate contracts to be witnessed to be enforceable. The writing requirement is the primary statutory mandate.
Notarized
D is incorrect because notarization, while adding authenticity and evidentiary value, is not a statutory requirement for enforceable real estate contracts in Maryland. Notarization is typically required for deeds, not the initial contract.
Why is this correct?
B is correct because Maryland's Statute of Frauds specifically requires real estate contracts to be in writing to be enforceable. This legal mandate ensures clarity and prevents disputes over property agreements that involve significant financial commitments.
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