Champions School of Real Estate Promulgated forms Questions Answered Correctly – Expert Verified | Latest Version 2024/2025

(foreign seller) who does the money get delivered to - The IRS (lead based paint question) how many days do they have to back out - 14 days According to the language in the contract, who is supposed to fill in the date of execution/ the effective date - The broker Am i allowed to write a will for someone? Can i advise people about title issues? Can i add complex provisions into the contract language? If i do any of those things. Im engaging in what? - no; the unlawful practice of law Are there exceptions to using TREC promulgated contract forms? What are the 2 of the exceptions? - When an attorney prepares the contract or if the owner requires a certain contract Do i have to have the earnest money in order to create a valid contract? - no it is not a requirement