Promulgated Contracts Exam(real estate exam )Already Graded A+

Promulgated Contracts Exam(real estate exam )Already Graded A+ Accessories in the real estate contract - definition, features, disposition - answerPARAGRAPH 2.(C) Describes accessories, which, while not necessarily permanently installed or built-in, are commonly conveyed to the buyer in the sale Window air conditioning units, stove, fireplace screen, curtains and rods, blinds, window shades, door keys, mailbox keys, above ground pool, swimming pool equipment and maintenance accessories, artificial fireplace logs, and controls: garage door, entry gates, and other accessories and improvements Items to be retained by the Seller as specified in the contract - answerParagraph 2.D EXCLUSIONS: The following improvements and accessories will be retained by the seller and must be removed prior to delivery of possession ______________________ Paragraph 3.B. - contents - answerThe sum of all financing from all sources. Insert only the amount actually being financed. Paragraph 4 - disclosure of agency coupled with an interest and family relationships - answerLICENSE HOLDER DISCLOSURE: Texas law requires a real estate license holder who is a party to a transaction or acting on behalf of a spouse, parent, child, business entity in which the license holder owns more than 10%, or a trust for which the license holder acts as trustee or of which the license holder or the license holder's spouse, parent or child is a beneficiary, to notify the other party in writing before entering into a contract of sale. Disclose if applicable: . Paragraph 5 - features - answerPARAGRAPH 5. EARNEST MONEY: Earnest money is a "deposit" paid upfront by Buyer to show that he or she is serious in his or her intent. There is no standard for the dollar amount of earnest money, but it is often in the range of 1% of the purchase price. Insert the amount of earnest money and the name and address of the title company. If additional earnest money is required, enter the amount and the number of days. Time is of the essence for this paragraph The purpose and use of Paragraph 6 - answerTitle policy, (title) commitment, and endorsements