Definition: an act requiring that certain real estate instruments and contracts affecting title to real property be in writing in order to be enforceable
Pronunciation: \ˈsta-(ˌ)chüt\ \ˈfrȯd\
Used in a Sentence: The statute of frauds applies to sales and purchase contracts, option contracts, and lease agreements and listing agreements of more than one year.
Prepare for Your Real Estate Career in 2025: Start Now and Seize the Opportunity As we find ourselves in the final stretch of 2024, there's a palpable sense of urgency...
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