Texas Promulgated Contract Forms notes

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

The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void A A federal disclosure requirement for resident...

The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - CORRECT ANSWER B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void - CORRECT ANSWER A

When a "fixture" in a property does not remain for the buyer, how do we inform the buyer of that fact and make sure the item does not convey with the property? Paragraph 23 "termination option" of the TREC 1-4 Family Residential Contract: If a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: If a Buyer chooses not to be represented by an agent, the Buyer must be made aware that any information they share can be commun...

Texas Promulgated Contract Forms (Terms)

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void In the business of rea...

Master Texas real estate contract forms for your state exam. Get 2025 practice questions on TREC-promulgated contracts, addenda, and disclosures for sales agent licensing.

PROMULGATED CONTRACT FORM EXAM ACTUAL EXAM 200+ QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE

PROMULGATED CONTRACT FORM EXAM ACTUAL EXAM 200+ QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE