Final Exam Study - Promulgated Forms Test answered correctly!!

Final Exam Study - Promulgated Forms Test answered correctly!! 1. The effective date- who, what, and when? 2. What is the legal proceedings brought by party to a contract against another party to compel action call forth in the agreement? 3. If the seller fails to provide the buyer with the sellers disclosure of property condition as required by Section 5.008 of the Texas property code what is the status of the purchase contract?. 4. Which of the following is not addressed by TRAC - promulgated contracts. 5. When is a financing addendum not required? 6. Items that are preprinted in paragraphs 1 and 2 of the contract include all the following except? 7. When will the third party financing addendum credit approval not be used? 8. Which addenda will the Purchaser use when purchasing a property for cash? 9. Which addendum is commonly used in a transaction involving a 90 percent fixed rate loan with PMI?. 10. What form is used if the buyer wants the seller to leave the refrigerator with the home after closing? 11. In Third party financing addendum for credit approval, what should the On interest rates? . 12. Federal law dictates that an addendum addressing the possible presence of lead-based paint and lead based paint hazard be attached to the purchase agreement when the house is being so that was built before? 13. Earnest money is to be deposited? 14. If the seller furnishes the existing survey to the buyer, but it is not acceptable to the buyers lender, the cost of the new survey may be at whose expense? 15. Which form is used for the owner to tell the buyer about known problems with the property? 16. The notice about obtaining an abstract or title policy is a required notice from? 17. When I licensees using a builders contract or you won't prepared by attorney that is not promulgated by TREC, what is the wisest way to notify the buyer about title insurance or abstract.? 18. Which of the following is not true about about paragraph 11 special provisions? 19. Which of the following is true about TREC addenda? 20. Which is acceptable language for special provisions of 22-TREC contract form? 21. Can a party accept earnest money as liquidated damages and also sue the third party for specific performance 22. Regarding closing and the buyer's possession of the property? 23. If clients want an agent to write a statement that defines a legal remedy,? 24. Which of the following made the address by agent in paragraph 11 (special provisions,? 25. If the broker's information is blank on the final page of the contract the contract is? 26. Which of the following characteristics of insulation installed in a new home must be builders reveal?