Texas Promulgated Contracts-CHAMPIONS STUDY (2025) Questions And
Answers Solved 100% Correct!!
Terms in this set (91)
Anything given or promised by a party to induce another to enter
Consideration
into a contract is referred to as...?
Competent A valid and enforceable contract must include which of the following
parties elements...?
Consideration
Mutual agreement
John is about to enter into a contract with Amy, to purchase
Must be in-writing
Amy's house. The real estate sales contract between John and
Amy...?
Executed contract A contract that has been fully performed is known as a/an...?
A change in a legal document made by adding, altering, or omitting
Amendment
a certain part or term is referred to as a/an...?
Fill-out a promulgated contract A real estate agent is NOT in violation of the unauthorized
form the way it was intended practice of law if they do which of the following...?
The Broker/Lawyer Committee Which of the following originally drafts the promulgated contract forms...?
Accept the offer Once a seller receives an offer, the seller can do which of the following...?
Make a counter-
offer Reject the
offer
The seller accepts an offer and the Curtis is a real estate agent who represents a seller in a
parties enter into a binding transaction. Curtis must present all offers to the seller
contract until which of the following occurs...?
Accept the offer A seller can respond to an offer in which of the following ways...?
Make a counter-
offer Reject the
offer
David is a real estate agent who was recently hired to sell Andrew's home.
Unauthorized practice of law As a
curtesy, David offers to help Andrew draft a sales contract. David
may be in violation of which of the following...?
Providing opinions as to the Which of the following actions by an agent may be considered as
condition of title unauthorized practice of law...?
, Must be in-writing A binding contract between a buyer and seller must include
Signed by all parties which of the following...?
There must be a mutual
agreement between the parties
John is a real estate agent who is preparing a contract for his
The seller's deed
client, the seller. Where should John look to find the name of
the seller...?
Paragraph 5 of the One to Four Family Residential Contract -
Earnest money
Resale primarily deals with...?
Lead-based paint addendum Houses built prior to 1978 need to include which of the following
addenda........................................................................ ?
Austin Holdings is a limited liability company, which is
Austin Holdings, LLC purchasing a residential property for the company. How
should Austin Holdings' name appear on the purchase
contract...?
Non-realty items Personal property items are considered...?
The equity in the house A reverse mortgage is paid back using which of the following...?
The buyer moves into the A temporary lease is used when which of the following occurs...?
property prior to closing
After signing a purchase contract, the seller typically receives
Termination option
money from the buyer for which of the following...?
Buyer The title policy is a contract between the title company and the...?
Easements Which of the following is an example of a restrictive covenant...?
Answers Solved 100% Correct!!
Terms in this set (91)
Anything given or promised by a party to induce another to enter
Consideration
into a contract is referred to as...?
Competent A valid and enforceable contract must include which of the following
parties elements...?
Consideration
Mutual agreement
John is about to enter into a contract with Amy, to purchase
Must be in-writing
Amy's house. The real estate sales contract between John and
Amy...?
Executed contract A contract that has been fully performed is known as a/an...?
A change in a legal document made by adding, altering, or omitting
Amendment
a certain part or term is referred to as a/an...?
Fill-out a promulgated contract A real estate agent is NOT in violation of the unauthorized
form the way it was intended practice of law if they do which of the following...?
The Broker/Lawyer Committee Which of the following originally drafts the promulgated contract forms...?
Accept the offer Once a seller receives an offer, the seller can do which of the following...?
Make a counter-
offer Reject the
offer
The seller accepts an offer and the Curtis is a real estate agent who represents a seller in a
parties enter into a binding transaction. Curtis must present all offers to the seller
contract until which of the following occurs...?
Accept the offer A seller can respond to an offer in which of the following ways...?
Make a counter-
offer Reject the
offer
David is a real estate agent who was recently hired to sell Andrew's home.
Unauthorized practice of law As a
curtesy, David offers to help Andrew draft a sales contract. David
may be in violation of which of the following...?
Providing opinions as to the Which of the following actions by an agent may be considered as
condition of title unauthorized practice of law...?
, Must be in-writing A binding contract between a buyer and seller must include
Signed by all parties which of the following...?
There must be a mutual
agreement between the parties
John is a real estate agent who is preparing a contract for his
The seller's deed
client, the seller. Where should John look to find the name of
the seller...?
Paragraph 5 of the One to Four Family Residential Contract -
Earnest money
Resale primarily deals with...?
Lead-based paint addendum Houses built prior to 1978 need to include which of the following
addenda........................................................................ ?
Austin Holdings is a limited liability company, which is
Austin Holdings, LLC purchasing a residential property for the company. How
should Austin Holdings' name appear on the purchase
contract...?
Non-realty items Personal property items are considered...?
The equity in the house A reverse mortgage is paid back using which of the following...?
The buyer moves into the A temporary lease is used when which of the following occurs...?
property prior to closing
After signing a purchase contract, the seller typically receives
Termination option
money from the buyer for which of the following...?
Buyer The title policy is a contract between the title company and the...?
Easements Which of the following is an example of a restrictive covenant...?
