Champions School: Law of Contracts exam 2024 with 100% correct answers

unlawful practice of law correct answersWhen license holders add provisions to contracts that go beyond factual business details. Texas Real Estate Commission correct answersTexas Real Estate Commission (TREC) was created by the Legislature in 1949. It is a nine-member commission whose primary purpose is to carry out the provisions of the License Act. Commission members are appointed by the governor and approved by the Senate. Each serves for a six-year term, except the chairman of the Commission who serves at the pleasure of the governor. Six of the members of the Commission are broker members. Broker-lawyer committee correct answersDrafts and revises contract forms for use in real estate transactions in the state of Texas promulgated forms correct answersForms published by TREC that are mandatory for license holders to use in real estate transactions in the state of Texas Buyer's Temporary Residential Lease correct answersfor use when the buyer occupies the property for no more than 90 days prior to closing. Seller's Temporary Residential Lease correct answersfor use when the seller occupies the property for no more than 90 days after closing. addendum correct answersa thing that is added; an appendix or addition to a book or written document.