Allied - Texas Promulgated Contract Form Exam with complete solution 100%

Allied - Texas Promulgated Contract Form Exam with complete solution 100% When the buyer assumes the sellers loan, the ______ becomes responsible for repayment of the loan as well as any other obligations to the lender. {{Correct Ans- Buyer Lenders view non-realty items within the real estate contract to be ______, and therefore the value of those items needs to be deducted from the sales price. {{Correct Ans- Sales concession When completing the contract how should you describe the location of the property {{Correct Ans- Lot and block legal description The fixtures that are included in the one to four family residential contract are discussed in the {{Correct Ans- Improvements paragraph In the loan assumption addendum the notice to buyer states {{Correct Ans- The buyer should examine the existing loan before assuming it According to section 4 of the one to four family residential contract if a license holder is a party to the transaction when must he or she notify the other party {{Correct Ans- Before entering into a contract Which of the following is not listed as an option for credit documentation in the loan assumption addendum {{Correct Ans- Verification of stable medical history Which of the following addenda pertains to section 3 of the one to four residential purchase contract {{Correct Ans- 1. Third party financing addendum