ContractsQuestion 49 of 120
For a real estate contract to be enforceable, the Statute of Frauds generally requires that it be:
a.In writing and signed by the party to be charged
b.Approved by the local zoning board
c.Recorded with the county before signing
d.Notarized by a real estate licensee
Explanation
The Statute of Frauds requires contracts for the sale of real estate to be in writing and signed to be enforceable. This protects parties from fraudulent claims based on oral agreements. Certain short-term leases may be exceptions, but purchase agreements must be written.
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