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Texas Promulgated Contract Forms Exam Questions & Answers (Latest 2023/2024)
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TEXAS Promulgated Contract Forms Exam Questions & Answers
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TEXAS PROMULGATED CONTRACTS-CHAMPIONS STUDY
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The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
B 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilateral 
 
(d) Void 
A 
A federal disclosure requirement for resident...
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Texas Promulgated Contracts Form Exam (Latest 2023 / 2024)
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Texas Promulgated Contracts Exam
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Texas Promulgated Contracts-CHAMPIONS STUDY
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Texas Promulgated Contracts-CHAMPIONS STUDY
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TEXAS PROMULGATED CONTRACTS-CHAMPIONS STUDY (2022-23) Solved 100% Correct
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TEXAS PROMULGATED CONTRACTS-CHAMPIONS STUDY (2022-23) Solved 100% Correct, The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void In...
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Texas Promulgated Contracts Exam Study Guide With Complete Solution 2023
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Texas Promulgated Contracts Exam Study Guide With Complete Solution 2023 
According to the Addendum for "Back-Up" Contract, when must the option money be paid? 
((Correct Ans:-Upon execution 
 
Real Estate Dealer's License Act (REDLA) 
((Correct Ans:-Passed in 1939, it required real estate agents to obtain licenses. It was changed to the Texas Real Estate License Act in 1949 
 
True or False: The seller would be the party of the first part and the buyer would be the party of the second part...
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Texas Promulgated Contract Forms Questions (Answered) 100% 2023
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Texas Promulgated Contract Forms Questions (Answered) 100% 2023 
 
An agreement that allows a tenant to purchase a property during the lease term. 
 
a. Promulgated forms 
b. Counteroffer 
c. Unauthorized practice of law 
d. Lease-purchase agreement 
e. Offeror ((Correct Ans:- D 
 
TREC-promulgated lease forms are for a term of no more than ________________ days. 
 
a. 180 
b. 30 
c. 90 
d. 60 ((Correct Ans:- C 
 
A(n) ________________ is a rejection of the original offer coupled with a new offe...
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Champions Promulgated Contract Forms Questions Answered Correctly 2023
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Champions Promulgated Contract Forms Questions Answered Correctly 2023 
The five essential elements that must exist for a real estate sales contract to be considered valid and enforceable are: legal purpose, competent parties, mutual assent, consideration and ____________. 
 
(a) Signature of witnesses 
(b) In writing 
(c) Acknowledgment by a notary 
(d) Recording in county clerk's office ((Correct Ans:- (b) In writing 
 
If a contract has been entered into with a person who has been judged to ...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023. Updated
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void In the business of rea...
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Texas Promulgated Contracts CHAMPIONS Exam 2022-2023.
- Exam (elaborations) • 25 pages • 2023
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The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording - CORRECT ANSWER B 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilateral 
 
(d) Void - CORRECT ANSWER A
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