Contracts
The Statute of Frauds requires which type of real estate agreement to be in writing?
AOnly commercial leases over 10 years
BAll contracts for the sale or purchase of real property and leases over one year✓ Correct
COnly purchase agreements over $10,000
DAgency agreements between broker and salesperson
Explanation
The Statute of Frauds requires that contracts for the sale of real property and leases for more than one year be in writing and signed to be enforceable.
Related Montana Contracts Questions
- In Montana, when a buyer makes an offer and the seller signs back a counteroffer, the original buyer's offer is:
- A Montana seller's counteroffer that changes the price from $310,000 to $295,000 must be:
- A Montana seller accepts a full-price offer but the transaction later fails because the buyer's lender requires repairs the seller refuses to make. If the contract has a financing contingency, the buyer:
- In Montana, a real estate contract that includes a 'survival clause' ensures that certain representations and warranties:
- A real estate purchase contract typically specifies which party pays transfer taxes and recording fees. In the absence of a specific agreement in Montana:
- In Montana, a lease agreement that allows the tenant to 'sublease with landlord approval' means:
- In Montana, a 'kick-out clause' (bump clause) in a purchase contract allows the seller to:
- In Montana, a buyer who makes an offer with a financing contingency and is denied a loan should:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →