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

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.