Texas Promulgated Contract Forms notes

Texas Promulgated Contracts-CHAMPIONS STUDY

Texas Promulgated Contract Forms Questions (Answered) 100% 2023 An agreement that allows a tenant to purchase a property during the lease term. a. Promulgated forms b. Counteroffer c. Unauthorized practice of law d. Lease-purchase agreement e. Offeror ((Correct Ans:- D TREC-promulgated lease forms are for a term of no more than ________________ days. a. 180 b. 30 c. 90 d. 60 ((Correct Ans:- C A(n) ________________ is a rejection of the original offer coupled with a new offe...

Champions Promulgated Contract Forms Questions Answered Correctly 2023 The five essential elements that must exist for a real estate sales contract to be considered valid and enforceable are: legal purpose, competent parties, mutual assent, consideration and ____________. (a) Signature of witnesses (b) In writing (c) Acknowledgment by a notary (d) Recording in county clerk's office ((Correct Ans:- (b) In writing If a contract has been entered into with a person who has been judged to ...

Texas Promulgated Contracts Exam Study Guide With Complete Solution 2023 According to the Addendum for "Back-Up" Contract, when must the option money be paid? ((Correct Ans:-Upon execution Real Estate Dealer's License Act (REDLA) ((Correct Ans:-Passed in 1939, it required real estate agents to obtain licenses. It was changed to the Texas Real Estate License Act in 1949 True or False: The seller would be the party of the first part and the buyer would be the party of the second part...