New Jersey Real Estate Practice Exam Practice Question
The primary intent of the statute of frauds is to
Correct Answer: A
Rationale: The primary intent of the statute of frauds is to reduce real estate contracts to writing, ensuring clarity and preventing disputes. Written contracts provide a clear record of the agreement's terms, which is crucial in real estate transactions.
Option B is incorrect because while the statute may indirectly protect licensees, its main focus is not on safeguarding them from fraud. Option C is misleading; the statute of frauds actually requires certain agreements, including those over one year, to be in writing, not to enforce oral agreements. Option D is not relevant, as the statute does not specifically address the rights of buyers with disabilities.
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