What Is Statute of Frauds?
A legal requirement that certain contracts, including most real estate sales agreements, must be in writing to be enforceable. California law mandates written contracts for the sale or purchase of real property, and oral agreements to buy or sell real estate are generally unenforceable.
Statute of Frauds across 3 exams
Statute of Frauds appears on the following exams. Each defines it in the context candidates are tested on:
- CA Salesperson
- A legal requirement that certain contracts, including most real estate sales agreements, must be in writing to be enforceable. California law mandates written contracts for the sale or purchase of real property, and oral agreements to buy or sell real estate are generally unenforceable.
- TX Sales Agent
- The legal requirement that real estate contracts be in writing to be enforceable. Texas law mandates written contracts for any agreement to buy, sell, or lease real property for more than one year. Oral agreements are void, which is why TREC forms and proper documentation are essential and heavily emphasized on the exam.
- AZ Salesperson
- A legal principle requiring that certain contracts, including real estate purchase agreements, must be in writing and signed by the parties to be enforceable. Oral agreements regarding land transfers are generally unenforceable.