It Is Not Necessary for Real Estate Contracts to Be

question 26

True/False

It is not necessary for real estate contracts to be witnessed, notarized, and recorded.

---

Definitions:

Average Run Length

The expected number of items inspected before a change is detected, commonly used in quality control.

False Alarm

An incorrect signal or detection indicating the presence of a condition or attribute that is not actually present.

Control Limits

The boundaries defined in control charts within which a process statistic is considered to be in a state of statistical control.

Standard Errors

A measure of the statistical accuracy of an estimate, calculated from the standard deviation of the sampling distribution.