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Tuesday, 12 November 2019
Agent Resource Center
Agent Resource Center

Question - If the defense of the Statute of Frauds is raised, a licensee would be unable to enforce collection of a commission if he:

Written by Posted On Sunday, 13 October 2019 05:00

(A) Leases real property for 7 months
(B) Sells real property with written authorization
(C) Sells a business opportunity without written authorization
(D) Exchanges real property with verbal authorization only

 

Answer:  (C)  Any contract for selling or exchanging of real property must be in writing. The sale of personal property does not require written authorization.

Read 681 times Last modified on Monday, 14 October 2019 06:15
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