California Real Estate Practice Exam

According to the Statute of Frauds, any agreement that cannot be completed within one year must be in writing in order to be legally binding. Option A may seem like the correct answer, but since a verbal lease for six months can be completed within a year, it does not fall under the requirement for a written agreement. Option C is also incorrect because employment contracts do not have a time limit and can technically be completed within a year. Option D is incorrect because the threshold for a written agreement is $500 or more, not under $500. Therefore, option B is the only choice that meets the requirement of being a lease for longer than one year.