Which document is covered by the NC Statute of Frauds?

The correct answer indicates that neither the listing agreement nor the buyer agency agreement is covered by the NC Statute of Frauds. The NC Statute of Frauds requires certain types of contracts to be in writing to be enforceable, including agreements relating to the sale of real estate that are longer than one year.

However, both listing agreements and buyer agency agreements can be verbal and are often formed through a handshake or mutual oral agreement. They may be enforced through other means but do not necessarily fall under the same requirement as purchase agreements for real estate transactions that require written documentation.

Understanding that the purpose of the Statute of Frauds is to prevent fraudulent claims and ensure clarity in real estate transactions helps clarify why these specific agreements do not need to be documented in writing to be considered legitimate, even though it is still a best practice to have them formally written to avoid misunderstandings.