Which of the following is true about Georgia real estate laws?

In Georgia real estate laws, it is indeed true that all real estate transactions require a written contract. This requirement is founded in the Statute of Frauds, which mandates that certain agreements, including those pertaining to the sale or transfer of real estate, must be in writing to be enforceable. This written contract provides a clear record of the terms agreed upon by the parties involved and protects their interests throughout the transaction process. It ensures that all elements such as price, property description, and terms of the sale are clearly defined, which helps prevent disputes and misunderstandings in the future.

Contracts that are not in writing typically cannot be enforced in court, leaving parties vulnerable to losses and complicating the resolution of potential conflicts. Therefore, understanding the necessity of a written contract in real estate transactions is crucial for anyone involved in such dealings in Georgia.