California Real Estate Practice Exam

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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.