(4) an agreement authorizing or employing a broker, broker or other person to buy or sell real estate or lease real property for a period of more than one year or to procure, import or find a buyer or seller of real estate or a lessee or lessor of real estate where the lease is for more than one year; for compensation or commission. In this case, the fraud status is again invoked because a yacht broker participated in the transaction. Brokers in California are regulated by the Division of Boating and Waterways (DBW) in accordance with the provisions of the California Yacht and Ship Brokers Act, which requires (Section 716) a written agreement for the purchase and sale of a yacht. What is behavior? It can be any act or inaction that proves to a judge or jury that an agreement has been reached. An example would be if I painted your house, after you provided me with the color, tools and access and told your wife that you intended to pay me the regular price. (An oral contract would be for you to tell me you would pay me the regular price, and I agreed orally.) The above quotations are only a small part of the vast laws and statutes relating to the applicability of oral treaties in California. .