Promulgated Contract Forms: Final Exam with complete solutions

Promulgated Contract Forms: Final Exam with complete solutions Under TRELA, a licensee will not be in violation of practicing law without a license if she writes a real estate contract. fills in the blanks on a standardized contract. offers professional advice on Texas real estate law. revises promulgated contracts. - answerfills in the blanks on a standardized contract. At what point does an offer become a contract? After the licensee fills in all the blanks After the buyer signs it After the seller accepts the buyer's offer After the seller's acceptance is communicated back to the buyer - answerAfter the seller's acceptance is communicated back to the buyer According to the Texas Real Estate Commission (TREC) a listing contract must contain a notice that it was prepared by an attorney licensed in the state of Texas. disclosure about representation of clients. a disclaimer saying that the form was not promulgated by Texas. a provision informing the parties to the contract that real estate commissions are negotiable. - answera notice that it was prepared by an attorney licensed in the state of Texas. All of the following actions would be considered practicing law without a license except which one? Modify a 1997 TREC promulgated contract to fit the buyer's current scenario to purchase a property. Tell the client known facts about the property that might affect the title. Give advice about the legal consequences of the purchase. Offer a client an opinion regarding the validity of the title. - answerTell the client known facts about the property that might affect the title