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Real Estate Licensing New Jersey Real Estate Salesperson Exam - Topic 1 Question 12 Discussion

Actual exam question for Real Estate Licensing's New Jersey Real Estate Salesperson exam
Question #: 12
Topic #: 1
[All New Jersey Real Estate Salesperson Questions]

The primary intent of the statute of frauds is to:

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Suggested Answer: A

The Statute of Frauds (as adopted in New Jersey) requires that certain contracts be in writing to be enforceable, including:

Contracts for the sale of real estate.

Leases longer than 3 years.

Certain other long-term agreements.

Its purpose is to prevent fraud and misunderstandings by requiring written evidence of important contracts.


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Annice
4 days ago
I feel like I’ve seen a question like this before, and it was definitely about written agreements, so A seems right.
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Devorah
9 days ago
I’m not entirely sure, but I remember something about protecting against fraud. Could it be B?
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Chandra
14 days ago
I think the statute of frauds is mainly about reducing contracts to writing, so I’m leaning towards A.
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