***INSTANT DOWNLOAD***CHAMPIONS REAL ESTATE LAW OF CONTACTS EXAM WITH QUESTIONS AND ANSWERS.

Champions Real Estate Law Of Contacts Exam With n n n n n n n




Questions And Answers n n n




Substitution nof na nnew ncontract nfor nan nexisting ncontract nis: n- n ncorrect nanswer-
n n n n n n n n n n n n n




nNovation
n




n nWhich nof nthe nfollowing ndescribes njudicial nforeclosure? n- n ncorrect nanswer- nThe
n n n n n n n n n n n




nproperty nis nsold nby ncourt norder nafter nthe nmortgagee nhas ngiven nsufficient npublic
n n n n n n n n n n n n n




nnotice
n




n nWhich nitem ndoes na nlender ngenerally nrequire nat nthe nclosing? n- n ncorrect nanswer-
n n n n n n n n n n n n n




nTitle ninsurance ncommitment
n n n




n nHow nmany nand nwhat nparties nare ninvolved nin na ndeed nof ntrust? n- n ncorrect nanswer-
n n n n n n n n n n n n n n n




nThree—the ntrustee, nthe ntrustor, nand nthe nbeneficiary
n n n n n n n




n nThe nsales ncontract nsays nthe nbuyer nwill npurchase nonly nif nthe nbuyer's ncurrent nhome
n n n n n n n n n n n n n




ncloses nwithin nthe nnext n30 ndays. nThis nis ncalled na n- n ncorrect nanswer- ncontingency
n n n n n n n n n n n n n n n




n nA nlease nwill nbe nvalid nif nit nis nbetween na nlandlord nand nwhich nof nthe nfollowing
n n n n n n n n n n n n n n n




nindividuals? n- n ncorrect nanswer- nA n44-year-old nwoman nwho nuses na nwheelchair nto
n n n n n n n n n n n n n




nget naround
n n




n nWhat nis nthe nmakeup nof nthe nTexas nBroker-Lawyer nCommittee? n- n ncorrect nanswer-
n n n n n n n n n n n n




nSix nbrokers, nsix nlawyers, nand none npublic nmember
n n n n n n n n




n nUnlike na nsales ncontract, na nlisting nagreement nis n- n ncorrect nanswer- nan nemployment
n n n n n n n n n n n n n




ncontract.
n

, n nAll nof nthe nfollowing nare nTREC-promulgated naddenda nEXCEPT n- n ncorrect nanswer-
n n n n n n n n n n n




nInformation nAbout nBrokerage nServices.
n n n n




n nIf, nafter nthe nsales ncontract nis nsigned, nthe nseller ndecides nnot nto nsell, nthe n- n ncorrect
n n n n n n n n n n n n n n n n




nanswer- nbuyer nmay ninstitute na nsuit nfor nspecific nperformance nof nthe ncontract nand/or
n n n n n n n n n n n n n




nfor nmoney ndamages.
n n n




n nCommon nareas nof nconcern nin nsales ncontract ninclude nall nof nthe nfollowing nEXCEPT
n n n n n n n n n n n n




n- n ncorrect nanswer- ndisposition nof nreal nand npersonal nproperty.
n n n n n n n n n n




n nWhich nmethod nfor nproviding nlegal ndescriptions nuses nnorth-south nand neast-west
n n n n n n n n n




nlines nto ndescribe nthe nlocation nof nthe nproperty? n- n ncorrect nanswer- nRectangular
n n n n n n n n n n n n n




ngovernment nsurvey nsystem
n n n




n nMaking na ncounteroffer n- n ncorrect nanswer- nterminates nthe noriginal noffer.
n n n n n n n n n n




n nDuring nthe noption nperiod, na nbuyer nmay nterminate nthe ncontract nfor n- n ncorrect
n n n n n n n n n n n n n




nanswer- nany nreason.
n n n




n nPromulgated nforms nare n- n ncorrect nanswer- ncreated nby nthe nBroker-Lawyer n n n n n n n n n n




nCommittee nand nthen npublished nby nTREC nfor nmandatory nuse nby nlicense nholders.
n n n n n n n n n n n n




n nWhich nof nthe nfollowing nliens nare nvoluntary? n- n ncorrect nanswer- nMortgage nliens
n n n n n n n n n n n n




n nTREC nforms nmay nbe nreproduced nin nany nof nthe nfollowing nways nEXCEPT n- n
n n n n n n n n n n n n n




ncorrect nanswer- ncopied ninto nword nprocessing nsoftware.
n n n n n n n




n nThe nbuyer nand nthe nseller nhave nagreed nthat nthe nseller nwill nremove na nhuge
n n n n n n n n n n n n n




nbirdbath nin nthe nbackyard nbefore nthe nbuyer ntakes npossession nof nthe nproperty. nThis
n n n n n n n n n n n n n




nagreement nshould nbe n- n ncorrect nanswer- naddressed nin nthe nsales ncontract.
n n n n n n n n n n n n




n nThe nmarital nstatus nof nthe nparties nto nthe ntransaction nmust nbe nlisted nin nthis ncontract
n n n n n n n n n n n n n n




nbecause nTexas nis na n- n ncorrect nanswer- ncommunity nproperty nstate.
n n n n n n n n n n n




n nA nvoidable ncontract n- n ncorrect nanswer- nmay nbe ndisaffirmed nby none nparty
n n n n n n n n n n n n




n nWhich nof nthe nfollowing nis nNOT nan nexample nof nan naction nthat nmight nlead nto
n n n n n n n n n n n n n n




ninvoluntary nalienation? n- n ncorrect nanswer- nleasehold nestates nare nestates nof
n n n n n n n n n n n




npossession.
n




n nCompensation nfor nfinancial nloss nof nthe nnon-defaulting nparty nis ncalled n- n ncorrect n n n n n n n n n n n n




nanswer- nliquidated ndamages.
n n n




n nAfter nagreeing non na nsales nprice nand nsigning na ncontract, nthe nbuyer nlost nhis njob.
n n n n n n n n n n n n n n




nThe nsellers ndecided nthey nwanted nto nstay nin nthe nhouse nafter nall, nand nthe nparties
n n n n n n n n n n n n n n n