Contracts
Which of the following best describes the Statute of Frauds as it applies to Wyoming real estate contracts?
AAll real estate contracts must be recorded
BReal estate contracts must be in writing to be enforceable✓ Correct
COral real estate contracts are valid if witnessed
DOnly lease agreements must be in writing
Explanation
The Statute of Frauds requires real estate contracts (including purchases, listings, and leases over one year) to be in writing and signed by the party to be charged to be enforceable. Oral real estate contracts are generally unenforceable in Wyoming.
Related Wyoming Contracts Questions
- A Wyoming buyer and seller agree to close 'on or before July 15.' If the buyer is ready to close on July 10 but the seller cannot close until July 20, which party is in default?
- The Wyoming Seller's Disclosure of Property Condition form is required to be provided by the seller to the buyer:
- In Wyoming, earnest money is best characterized as:
- An option contract in Wyoming gives the optionee the:
- A Wyoming seller receives two competing offers simultaneously. The seller should:
- A Wyoming land contract (contract for deed) differs from a traditional sale because:
- Under Wyoming law, a minor (person under 18) who signs a purchase agreement:
- A Wyoming seller accepts a buyer's offer that is contingent on the buyer selling their current home within 45 days. If the buyer's home does not sell within 45 days, the buyer may:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →