Questions: MILESTONE Business Law app.sophia.org/spcc/business-law/proctortakes/take/6 MILESTONE Question 6 Mark this question Select the true statement regarding real property purchases. It is essential that all deeds must be recorded at the end of real property sales. All real property transfers must involve a warranty deed. A purchase of real property includes the acquisition of fixtures, if such fixtures exist and are not excluded by contract. A contract for the purchase of real property may be either verbal or written. SAVE CONTINUE

The answer is: A purchase of real property includes the acquisition of fixtures, if such fixtures exist and are not excluded by contract.

This statement is not entirely true. While recording deeds is highly recommended to provide public notice and protect the buyer's interest, it is not an absolute legal requirement in all jurisdictions. The failure to record a deed does not invalidate the transfer of property, but it can lead to complications.

This statement is false. Real property transfers can involve various types of deeds, including warranty deeds, quitclaim deeds, and special warranty deeds. The type of deed used depends on the level of protection the buyer seeks and the agreement between the parties.

This statement is true. Fixtures are items that are attached to the property in such a way that they are considered part of the real estate. Unless specifically excluded in the contract, fixtures are included in the sale of the property.

This statement is false. According to the Statute of Frauds, contracts for the sale of real property must be in writing to be enforceable. Verbal agreements for the sale of real property are generally not legally binding.