Contracts
In Oregon, a lease of real property for a term longer than one year must be:
AApproved by the Oregon Real Estate Agency
BRecorded at the county courthouse
CIn writing to be enforceable under the Statute of Frauds✓ Correct
DWitnessed by two disinterested parties
Explanation
Under the Statute of Frauds, contracts for the sale of real property and leases for more than one year must be in writing to be enforceable. This prevents fraud and misunderstandings in long-term property agreements.
Related Oregon Contracts Questions
- Under Oregon contract law, 'liquidated damages' in a purchase agreement mean:
- An Oregon seller accepts a buyer's offer at 9:00 AM and notifies the buyer's agent at 10:00 AM. At 9:30 AM, the buyer had emailed a revocation of the offer. The contract is:
- A seller counter-offers at a different price. The buyer does NOT accept. The status of the original offer is:
- A property in Portland is listed at $650,000. The buyer offers $625,000. The seller counters at $640,000 with a 48-hour deadline. Before the deadline passes, the seller accepts a higher offer from another buyer. This is:
- In Oregon, a 'short sale' occurs when:
- Which of the following elements is necessary for a real estate contract to be enforceable under the Statute of Frauds in Oregon?
- An 'addendum' to an Oregon purchase contract is:
- A real estate contract that is 'assignable' means:
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →