Which type of agreement is subject to the Statute of Frauds?

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The correct answer is the type of agreement that is subject to the Statute of Frauds. This legal doctrine requires certain contracts to be in writing to be enforceable. Specifically, agreements that cannot be completed within one year fall under this statute. Offers to purchase and contracts for the sale of real estate must be in writing due to this requirement. This protects both parties by ensuring that there is a clear and verifiable record of the agreement.

In the context of real estate, the Statute of Frauds serves to prevent fraud and misunderstandings regarding significant transactions, such as the sale of property, which typically involves large sums of money and long-term commitments. While buyer brokerage agreements, one-year leases, and exclusive right to sell listing agreements may not necessarily fall under the same requirement for writing depending on their specific details or jurisdictional interpretations, offers to purchase and contracts directly related to real estate transactions are typically covered by the Statute of Frauds.

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