Texas Promulgated Contracts Homework Revision Questions With Well Correct Answers

Texas Promulgated Contracts Homework

the buyer and seller temporary residential lease forms are good for

any period up to - Correct Answer ✔️✔️90 days


the special provisions paragraph of the contract allows licensees to

insert - Correct Answer ✔️✔️factual business details


statements not addressed in the contract


info where is not trec promulgated addendum, lease or mandatory

form


usual expenses of the seller as stated in the contract include -

Correct Answer ✔️✔️release of existing lien


the process of dividing ongoing expenses between the buyer and

seller at closing is called - Correct Answer ✔️✔️prorating


damage or destruction of a property under contract prior to closing -

Correct Answer ✔️✔️can result in termination of the contract

, in a farm and ranch sale, the buyer will receive everything but -

Correct Answer ✔️✔️trucks


the seller generally has the right to harvest crops - Correct Answer

✔️✔️until delivery of possession


reservations of oil, gas and other mineral rights will be inserted in -

Correct Answer ✔️✔️trec addenda form


the sales price may be adjusted based upon a survey. if the sales price

is adjusted - Correct Answer ✔️✔️- the cash portion can be

adjusted


- the amount financed can be adjusted


- the cash portion and the amount financed can be adjusted

proportionately


if the sales price is adjusted based upon a survey, either party may

terminate the contract if the sales price varies by more than -

Correct Answer ✔️✔️10%