easy · National Real Estate Exam contracts
Two neighbors agree out loud that one will sell part of their land to the other.
Under the Statute of Frauds, what is required for this real estate contract to be enforceable?
- It must be in writing and signed by the parties to be enforceable.
- It only needs to be spoken and witnessed by one other person.
- It only needs to be recorded at the county recorder's office.
- It only needs to be notarized by a notary public, even if never put in writing.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam contracts practice
- A broker's employment contract with a seller is officially called the:
- What is the current status of the contract?
- A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money
- The offer is now:
- A contract for the sale of a property is signed. Before clos… — The buyer's interest in th
- The contract is:
- A contract that is valid and binding but allows one party to avoid the agreement because o
- A contract that is valid and enforceable until it is canceled by a party who was a victim