Texas Promulgated Contracts Homework
Texas Promulgated Contracts
Homework Exam Containing 60
Questions with Certified Answers 2024-
2025.
The TREC promulgated contract forms - answer: Are drafted by the broker-lawyer committee
1 | P a g e Texas Promulgated Contracts Homework
In a lease with a right of first refusal provision - answer: The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold
TREC promulgated contract forms provide for - Answer: third party financing, assumption
seller finance
a lender can withdraw the approval of a property - Answer: at any time prior to closing
the third-party financing addendum for credit approval is used when - Answer: the buyer is obtaining any kind of financing
a new survey is always required for all transactions - Answer: false
the number of days allowed for objections to title or survey is - Answer: the number of days entered in paragraph 6
trec has promulgated forms for - Answer: residential transactions
TREC promulgated contracts allow the buyer to have the property inspected - Answer: by inspectors licensed by trec or otherwise permitted by law
2 | P a g e
Texas Promulgated Contracts
Homework Exam Containing 60
Questions with Certified Answers 2024-
2025.
The TREC promulgated contract forms - answer: Are drafted by the broker-lawyer committee
1 | P a g e Texas Promulgated Contracts Homework
In a lease with a right of first refusal provision - answer: The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold
TREC promulgated contract forms provide for - Answer: third party financing, assumption
seller finance
a lender can withdraw the approval of a property - Answer: at any time prior to closing
the third-party financing addendum for credit approval is used when - Answer: the buyer is obtaining any kind of financing
a new survey is always required for all transactions - Answer: false
the number of days allowed for objections to title or survey is - Answer: the number of days entered in paragraph 6
trec has promulgated forms for - Answer: residential transactions
TREC promulgated contracts allow the buyer to have the property inspected - Answer: by inspectors licensed by trec or otherwise permitted by law
2 | P a g e
