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Florida Real Estate Exam

Category - Florida

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Mr. Good and Ms. Best make an oral agreement regarding the sale of Ms. Best's grapefruit grove in Florida. This contract normally would be unenforceable in a court of law based on the:

Laws of agency.
Statute of frauds.
Statute of limitations.
Real estate licensing laws.

Explanation

Answer B - Pursuant to the statute of frauds, certain contracts, including those pertaining to the transfer of interests in real property, must be in writing to be enforceable.

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