Under the Statute of Frauds, real estate contracts cover which of the following?

• A. All contracts for sale, purchase or exchange of ownership or interest in real property
• B. All contracts for the lease of real estate for a period longer than one year
• C. None
• D. Both A and B

Answer: (D)

The main idea here is the writing requirement of the Statute of Frauds for real estate deals. Real estate contracts must be in writing to be enforceable, and this includes both contracts for selling, purchasing, or exchanging ownership or any interest in real property, as well as leases of real estate for longer than one year. Because both types require writing, the option that covers both is the correct one. A short-term lease isn’t usually governed by this requirement, but sales and transfers are, so isolating either type would miss part of the rule. Hence, choosing the option that includes both categories best reflects the Statute of Frauds.