To be enforceable in court, a real estate contract must be in writing and signed by all parties who are bound by the agreement.
The Statutes of frauds requires certain contracts be written and signed by parties to be enforceable, including: -Purchase and sale contracts
-Option contracts
-Lease agreements for more than one year
-Listing agreements for more than one year
•The statute of frauds does NOT apply to a listing agreement that will not be performed within one year of the date created.
This information is courtesy of Rowlett Real Estate School www.rowlettrealestateschool.com
free to visit our class schedule and online real estate courses at http://www.rowlettrealestateschool.com/fl-schedule.htm
P.Stone, RRES
Comments(3)