PROMULGATED CONTRACT FORMS

Promulgated Contract Forms: Final Exam Solved 100% Correct!! When earnest money is deposited with an escrow agent, the escrow agent: A) Is not responsible for the performance of any signatory B) Has the right to secure written release of all signatories C) Is not liable for interest on the money How does the Texas Real Estate License Act define the first face-to-face meeting with required agency disclosure? When a substantive dialogue about a specific real property occurs If a property wa...

Promulgated Contract Forms final exam with correct solutions. If a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: A) Paragraph #11 (Special Provisions) B) Paragraph #12 - Seller participation in the Buyer's costs C) Third Part financing Addendum D) All of the above B) Paragraph #12- Seller participation in the Buyer's costs If a Buyer chooses not to be represented by an agent, the Buyer must be made aware that any information...

Promulgated Contract Forms: Final Exam Solved 100% Correct!! When earnest money is deposited with an escrow agent, the escrow agent: A) Is not responsible for the performance of any signatory B) Has the right to secure written release of all signatories C) Is not liable for interest on the money How does the Texas Real Estate License Act define the first face-to-face meeting with required agency disclosure? When a substantive dialogue about a specific real property occurs If a property wa...

Promulgated Contract Forms final exam with correct solutions. If a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: A) Paragraph #11 (Special Provisions) B) Paragraph #12 - Seller participation in the Buyer's costs C) Third Part financing Addendum D) All of the above B) Paragraph #12- Seller participation in the Buyer's costs If a Buyer chooses not to be represented by an agent, the Buyer must be made aware that any information...