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What is a Real Estate Sales Validation Form?
Real Estate Sales Validation Form or RT1 form Alabama is a legal document that validates a real estate sale. It’s mandatory on the territory of Alabama according to the Code of Alabama 1975. It should be signed by the owner, agent or grantee of the property.
What do I need the Real Estate Sales Validation Form for?
You can’t sell or buy real estate on the Alabama’s territory without this form. It lists the total purchase price, actual value, address and other relatable info. It serves as a confirmation and proof that the immovable property in question was really sold and purchased.
How to fill out Alabama Real Estate Validation Form?
You can download RT1 Form online on PDFLiner for free. After that, there is basically on section to fill out.
Form filling requires:
- Total value. Enter the purchase price/actual value of the property in question. It can be an expert’s appraisal, closing statement, sales contract, etc.
- Sales participants. You should name granter and grantee’s contact info: names and mailing address.
- Physical address. Write in the physical address of the property in question.
After providing these details, you should confirm that all this info is true and accurate. Leave your signature at the bottom of the form.
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Fillable online Alabama Real Estate Sales Validation Form