***INSTANT DOWNLOAD ***CHAMPIONS SCHOOL OF REAL ESTATE LAW OF CONTRACTS TEST WITH CORRECT ANSWERS A+GRADED.

Champions School Of Real Estate: Law Of n n n n n n




Contracts Test n n




Texas bReal bEstate bCommission b- b bcorrect banswer- bCreated bby bthe blegislature bin b1949 bto bcarry
n n n n n n n n n n n n n n n




bout bthe bprovisions bof bTRELA
n n n n n




Unauthorized bPractice bof bLaw b- b bcorrect banswer- bWhen blicense bholders badd bprovisions bto
n n n n n n n n n n n n n




bcontracts bthat bgo bbeyond bthe bfactual bbusiness bdetails bthey bare bengaging bin..
n n n n n n n n n n n n




Deceptive bTrade bpractices bact b- b bcorrect banswer- b
n n n n n n n n




Real bEstate bRecovery bTrust baccount b- b bcorrect banswer- bAdministered bby bTREC, bthe bpurpose bof
n n n n n n n n n n n n n n




bthe baccount bis bto bprotect baggrieved bindividuals bwho bsuffer ba bmonetary bloss bdue bto billegal bacts
n n n n n n n n n n n n n n n n




bof blicense bholders
n n n




Broker bLawyer bCommittee b- b bcorrect banswer- bEstablished bby bTREC bto bwrite bmandatory
n n n n n n n n n n n n




bresidential bcontract bforms bfor blicense bholders
n n n n n n

,producing bcause b- b bcorrect banswer- brequires bproof bthat bthe bact bor bomission bwas ba bsignificant
n n n n n n n n n n n n n n n




bfactor bin bbringing babout binjury
n n n n n




Real bEstate bcenter b- b bcorrect banswer- bCreated bby bthe blegislature bin bthe b1970s bto bcollect band
n n n n n n n n n n n n n n n n




bcompile bdata babout breal bestate bin bTexas
n n n n n n n




promulgated bforms b- b bcorrect banswer- bforms bthat bare bpublished/made bknown bby bopen
n n n n n n n n n n n n




bdeclaration
n




Seller's bDisclosure bnotice b- b bcorrect banswer- b
n n n n n n n




Default b- b bcorrect banswer- bwhen ba bparty bto ba bcontract bfails bto bperform bunder bthe bcontract
n n n n n n n n n n n n n n n n




Default bis balso breferred bto bas bwhat? b- b bcorrect banswer- bBreach bof bcontract
n n n n n n n n n n n n n




Liquidated bDamages b- b bcorrect banswer- bDamages bthat bare bestablished bin bthe bcontract bex.
n n n n n n n n n n n n n




bearnest bmoney
n n




Monetary bDamages b- b bcorrect banswer- bDamages bthat bare bawarded bby bthe bcourt. bDue bto bthis
n n n n n n n n n n n n n n n




bone bnever bknows bwhat bthey bwill bbe buntil bthe bcourt brules
n n n n n n n n n n n




Specific bperformance b- b bcorrect banswer- bThe binjured bparty bfiles ba bcourt baction bseeking ban border
n n n n n n n n n n n n n n n




bof bthe bcourt bdirecting bthe bdefaulting bparty bto bperform baccording bto bthe bterms bof bthe bcontract.
n n n n n n n n n n n n n n n n




bThis bis bthe bonly bremedy bthat bwould bpossibly bresult bin bfull bexecutions bof bthe bcontract.
n n n n n n n n n n n n n n n




Remedies bwhen bbuyer bis bunder bdefault b- b bcorrect banswer- bLiquidated bdamages; bmonetary
n n n n n n n n n n n n




bdamages bspecific bperformance
n n n

, Remedies bwhen bseller bis bunder bdefault b- b bcorrect banswer- bspecific bperformance; bmonetary
n n n n n n n n n n n n




bdamages; bRefund bearnest bmoney
n n n n




Types bof bTREC bpromulgated blease bforms b- b bcorrect banswer- bBuyers b& bSellers btemporary
n n n n n n n n n n n n n




bresidential blease bform;
n n n




buyers btemporary bresidential blease bform b- b bcorrect banswer- bfor buse bwhen bbuyer boccupies bthe
n n n n n n n n n n n n n n




bproperty bfor bno bmore bthan b90 bdays bprior bto bclosing.
n n n n n n n n n n




seller's bTemporary bResidential blease bform b- b bcorrect banswer- bfor buse bwhen bthe bseller boccupies
n n n n n n n n n n n n n n




bthe bproperty bfor bno bmore bthan b90 bdays bafter bclosing
n n n n n n n n n n




Right bof bfirst brefusal b- b bcorrect banswer- bgiving bthe btenant bthe bright bto bpurchase bthe bleased
n n n n n n n n n n n n n n n n




bproperty bby bmatching bor bbettering bany boffer bbefore bthe bproperty bwill bbe bsold bto bsomeone
n n n n n n n n n n n n n n n




belse.
n




lease bpurchase bagreement b- b bcorrect banswer- bgives bthe btenant boccupancy bin bthe bpresent btime
n n n n n n n n n n n n n n




band bthe bright bto bpurchase bat ba bfuture bdate
n n n n n n n n n




Texas bVeterans bLand bBoard b(TVLB) b- b bcorrect banswer- bto bparticipate bthe bveteran bmust bobtain
n n n n n n n n n n n n n n




band bFHA, bVA, bor bconventional bloan. bThe bdifference bis bthe bloan bis bsold bto bthe bTVLB band bnot bto
n n n n n n n n n n n n n n n n n n n




ba bsecondary bmarket bpurchaser. bThe bbenefit bis bthe brate bis boften bup bto b1 bpercent bbelow bmarket
n n n n n n n n n n n n n n n n n




brates.
n




What bare bthe bphysical bcharacteristics bof bland? b- b bcorrect banswer- bIndestructibility b& bdurability;
n n n n n n n n n n n n n




bImmobility; bNon-homogeneity(not bsame)
n n n




What bare bthe beconomic bcharacteristics bof bland? b- b bcorrect banswer- bScarcity; bModification; bFixity;
n n n n n n n n n n n n n




bSitus
n