Contracts
In Pennsylvania, what is the 'statute of frauds' and how does it apply to real estate contracts?
AA law punishing real estate fraud with criminal penalties
BA law requiring certain contracts, including real estate sales and leases over one year, to be in writing to be enforceable✓ Correct
CPREC's regulation requiring all listing agreements to be notarized
DPennsylvania's consumer protection law prohibiting misleading advertising
Explanation
Pennsylvania's statute of frauds (33 P.S.
Related Pennsylvania Contracts Questions
- Which contingency in a purchase agreement gives the buyer the right to withdraw if they cannot secure financing on specified terms?
- An option contract in real estate gives the optionee:
- If the parties to a Pennsylvania Agreement of Sale want to extend the closing date, they should:
- In Pennsylvania, the Statute of Frauds' requirement as applied to real estate contracts means:
- In Pennsylvania, what is the typical remedy for a seller who wrongfully refuses to close on an agreed sale?
- A contingency clause in a purchase agreement:
- Pennsylvania's Uniform Written Obligations Act requires that for a promise without consideration to be enforceable:
- A Pennsylvania real estate broker who prepares a purchase agreement for a buyer without a real estate license for the property being purchased may still earn compensation if:
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →