Answered

Under the Statute of Frauds, which of the following would NOT be covered?
Select one:
O a. A purchase contract
O b. A listing contract
О с.
An agreement between two brokers to split commissions
O d. A lease for more than one year



Answer :

GinnyAnswer
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.

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