Promulgated Contracts UPDATED Exam Questions and CORRECT Answers
According to the Environmental Assessment, Threatened or Endangered Species, & Wetlands Addendum, what happens if the buyer can provide the seller with a report proving that the use of the property is negatively affected by one of the noted factors (before the agreed-upon deadline)? - the buyer can terminate the contract and get their earnest money back TRELA empowers TREC to require license holders to use certain contract forms. Which of these would NOT meet TREC's requirements? - a contract created by a license holder's sponsoring broker What does the date in the Third Party Financing Addendum provide a deadline to buyers for? - informing a seller they didn't get their financing approved A married couple is buying a property. Which is the BEST way to write their names in the contract? - Georgianna Serif and spouse Bryan Serif
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- May 31, 2024
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