Contracts
In Utah, an offer must be in writing and signed to be enforceable because:
AOnly attorneys may make verbal offers
BThe Statute of Frauds requires real estate contracts to be in writing✓ Correct
CVerbal offers are prohibited by MLS rules
DThe Division of Real Estate requires written offers for all properties
Explanation
Utah's Statute of Frauds requires contracts for the sale of real estate to be in writing and signed by the party against whom enforcement is sought. Verbal real estate contracts are unenforceable.
People Also Study
Related Utah Questions
- In Utah, the Statute of Frauds requires real estate contracts to be:Contracts
- Under Utah law, which of the following contracts is required to be in writing to be enforceable?Contracts
- In a Utah deed of trust foreclosure, the trustee's sale (non-judicial foreclosure) requires a minimum notice period of:Finance
- In Utah, a contract that requires one party to perform an illegal act is:Contracts
- A person who believes they have been discriminated against in the sale of a Utah home may file a complaint with:Fair Housing
- A covenant running with the land in Utah is enforceable against future owners because:Property Ownership
- A Utah real estate contract that violates the Statute of Frauds (oral agreement for land) is:Contracts
- A Utah real estate closing requires which of the following documents to be signed by the seller?Escrow & Title
Key Terms to Know
Right of First Refusal
A contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Math Concepts
Study This Topic
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →