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Statute of Frauds & Performance
National · Contracts & Transfer of Title — free cheat sheet for the real estate licensing exam.
📄 Contracts & Transfer of Title
📋 The 1-minute cheat sheet
- Real estate sale contracts must be in WRITING to be enforceable (leases ≤1 yr often exempt)
- Executory: still being performed; Executed: fully performed
- 'Time is of the essence' = deadlines are strict — missing one is breach
- Parol evidence: prior oral promises can't contradict the final written deal
- Oral contract for land? Valid between the parties maybe — but unenforceable in court
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Questions students ask
Is Statute of Frauds & Performance on the real estate exam?Yes. Contracts & Transfer of Title is a scored domain on the real estate licensing exam, and this topic appears in the national portion.
Is this cheat sheet free?Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
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