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In the autumn, first-year law students learn that land is unique, leading to distinct legal treatment compared to other properties. Real estate sales involve two phases: the contract phase, where terms are agreed upon, and the closing phase, where ownership is transferred. This presentation focuses on the contract phase, highlighting the essential requirements for real estate sale contracts, the seller's fundamental responsibilities, and remedies for breaches. For a land sale contract to be enforceable, it must meet the statute of frauds, which typically mandates that such contracts be in writing and signed by the parties. This written agreement is separate from the deed, which is the document used for the actual transfer of land ownership.
