Promulgated Forms Vocabulary Question and answer rated A+ 2023

Promulgated Forms Vocabulary Question and answer rated A+ 2023abstract (of title) a full summary of all recorded documents, recorded at the county courthouse, that may affect title to a given parcel of real estate addressed in paragraph 6 of the TREC promulgated contracts acceptance an expression of intent to be bound by the terms and conditions of an offer. To bind the agreement, the acceptance must be communicated to teh person making the offer. An offer pertaining to real estate must be made in writing and accepted in writing accessory an item identified as part of the sale in P2 of the TRECPCF that does not meet the test of a fixture acknowledgment a formal declaration made by a person signing a document to a duly authorized public official that the document was signed by the signor of his own free will. Documents must be acknowledged to be admissible for public recording addendum an addition to a contract, the contract must reference the addendum, and the addendum must reference the contract, P22 addition another name for a platted subdivision, idenfified in P2 after later than, in the TRECPCF, the counting of days is from the day after the date of signing or execution and does not include the day document is signed affidavit a residential real property affidavit promulgated by the texas department of insurance amendment a revision or change to a contract the TREC contracts may be amended by using the TREC promulgated ammendment annex to add or attach to a municipality. P6E(5) arbitration an alternative, nonjudicial, dispute resolution approach that submits the dispute to a selected third party who renders a decision that may or may not be binding upon the parties assignment the transfer of one's legal rights to another party assessments for periods prior to closing, additional taxes, penalties, or interest