Promulgated Contracts Exam | Q&A Latest 2024/2025 | 100% PASS

Promulgated Contracts Exam | Q&A Latest 2024/2025 | 100% PASS According to the Environmental Assessment, Threatened or Endangered Species, & Wetlands Addendum, what happens if the buyer can provide the seller with a report proving that the use of the property is negatively affected by one of the noted factors (before the agreed-upon deadline)? - Answer -The buyer can terminate the contract and get their EARNEST money back Which of these is an example of a time when it is acceptable not to use a TREC promulgated form? - Answer -The US government requires a different form be used A seller is selling a property that is under a lease. When does the seller have to deliver a copy of the lease and any move-in condition form to the buyer? - Answer -within seven days after the effective date In a TREC promulgated contract, what is the Third Party Financing Addendum concerned with? - Answer -Financing contingencies Which of these is NOT a place where commission split agreements between cooperating brokers can be determined? - Answer -the sales contract The Seller's Disclosure Notice is a requirement of - Answer -The Texas property code