Texas Promulgated Contract Forms - Chapter 3 Exam Questions with Verified Answers

The name of the seller(s) as listed on the deed - Answer-What does an agent first need from the seller when preparing a contract...? The last name of the seller(s) The name of the seller(s) as listed on their license The name of the seller(s) as listed on the deed None of the above The seller's title policy - Answer-When preparing a contract, where should the agent look to find the name of the seller(s)...? The seller's title policy The seller's license The seller's birth certificate Any of the above 1 - Answer-The names of the parties are included in paragraph .......of the promulgated sales contract? 1 3 4 6 All of the above - Answer-Which of the following is included in the legal description of a property...? Section number Lot number Block number All of the above 225,000 Dollars - Answer-If a buyer is providing a down payment of $50,000, and is obtaining a loan from a bank in the amount of $175,000, what is the purchase price of the property...? 50,000 Dollars 175,000 Dollars 200,000 Dollars