Under the Statute of Frauds, the agreement between two brokers to split commissions would NOT be covered.
Here's why:
1. The Statute of Frauds requires certain types of contracts to be in writing to be enforceable in court.
2. A purchase contract, a listing contract, and a lease for more than one year are all typically covered under the Statute of Frauds because they involve significant agreements that could have a big impact on the parties involved.
3. However, an agreement between two brokers to split commissions may not fall under the Statute of Frauds requirements as it may not involve a long-term commitment or real estate transfer that the statute usually aims to regulate.
