Texas promulgated forms Study guides, Class notes & Summaries
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Texas Promulgated Forms Questions and Answers Test Bank with complete solution
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Texas Promulgated Forms Questions and Answers Test Bank with complete solution 
 
Which of the following is TRUE for the statute of limitations for contracts for the sale of real estate and oral contracts for leases of less than one year? 
The statute of limitations is four years for the sale and two years for the lease. 
The voiding of a contract by a minor is 
an example of terminating a contract by operation of law. 
Which of the following would NOT be considered a competent party? 
A 30-yea...
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Promulgated Contract Forms: Final Exam 2024 Questions and Answers 100% Verified
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Promulgated Contract Forms: Final Exam 2024 Questions and Answers 100% VerifiedPromulgated Contract Forms: Final Exam 2024 Questions and Answers 100% VerifiedPromulgated Contract Forms: Final Exam 2024 Questions and Answers 100% Verified 
 
When earnest money is deposited with an escrow agent, the escrow agent: - ANSWER-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 th...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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Texas Promulgated Contracts-CHAMPIONS Exam 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 
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 
 
(...
![TX-Brokerage (SAE) Questions with correct Answers 2024](/docpics/4880059/66091ea69a20c_4880059_121_171.jpeg)
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TX-Brokerage (SAE) Questions with correct Answers 2024
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TX-Brokerage (SAE) Questions with correct Answers 2024 
The _____ is required to ascertain that Brokers are aware of all of their responsibilities. 
Texas Real Estate Commission 
 
 
 
The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. 
Broker Responsibility MCE 
 
 
 
Who Must Ta...
![Texas Promulgated Forms Contract Law Overview Questions and Answers](/docpics/3749488/65436469899c0_3749488_121_171.jpeg)
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Texas Promulgated Forms Contract Law Overview Questions and Answers
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Texas Promulgated Forms Contract Law Overview Questions and Answers 
The seller fails to abide by the rule requiring the seller to provide the buyer the Condo Resale 
Certificate before the contract is signed, and the seller later receives a better offer. The seller says the contract is voidable due to the failure to provide the certificate, and the seller is therefore free to accept the better offer. The buyer does not want to cancel the contract. Which of these statements is TRUE in this situa...
![Champion School of Real Estate-Law of Contracts Exam with Complete Solutions](/docpics/64141fa9495e7_2481745.jpg)
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Champion School of Real Estate-Law of Contracts Exam with Complete Solutions
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Champion School of Real Estate-Law of Contracts Exam with Complete Solutions 
 
Texas Real Estate Commission - ANSWER TREC-created by the Legislature in 1949. 9 member commission whose primary purpose is to carry out the provision of the License Act 
 
Real Estate Recovery Trust Account - ANSWER administered by TREC. the purpose of the account is to protect aggrieved individuals who suffer monetary loss due to illegal acts of license holders 
 
unlawful practice of law - ANSWER license holder is...
Texas Promulgated Forms-CHAMPIONS (2023/2024) Newest Questions and Answers (Verified Answers)
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RE - Texas Promulgated Forms 2024 Questions with Accurate Answers
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RE - Texas Promulgated Forms 2024 Questions with Accurate Answers Which of these promulgated forms does NOT include "Time is of the essence"? 
Loan Assumption Addendum 
 
 
 
A couple starts celebrating the sale of their home after their listing agent calls them with the news that they've received an acceptable offer. The listing agent says he is coming over to get their acceptance and signatures. However, by the time the agent arrives the sellers are completely inebriated. The agent has them...
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Texas Promulgated Forms Exam Prep | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024
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When a contract contains all of the essential elements that make it legally sufficient or enforceable and is 
binding in a court of law, it is - The answer is valid. A valid contract meets all of the required essential 
elements (i.e., offer and acceptance, consideration, legal purpose, consent, and legal capacity). 
A valid legal contract must have - legally competent parties. The parties must be of legal age and 
have enough mental capacity to understand the nature or consequences of their act...
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Texas Promulgated Forms Questions and Answers 2024
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Texas Promulgated Forms
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