Promulgated forms Study guides, Class notes & Summaries

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...

Promulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% Accurate Void Contract -ANSWER-Invalid from the beginning and voidable contract is one that can't be enforced against one or more parties (minors are voidable at the option of the minor). Example of Void Contract -ANSWER-A ...

Promulgated Forms - Champions 2024 Practice Quiz with Complete SolutionsPromulgated Forms - Champions 2024 Practice Quiz with Complete SolutionsPromulgated Forms - Champions 2024 Practice Quiz with Complete SolutionsPromulgated Forms - Champions 2024 Practice Quiz with Complete Solutions Void Contract - ANSWER-Invalid from the beginning and voidable contract is one that can't be enforced against one or more parties (minors are voidable at the option of the minor). Example of Void Contract -...

Champions Promulgated Forms| 157 Questions & Answers 100% Correct!. Loan Assumption - ANSWER-When a new buyer takes over the seller's existing mortgage loan. legal description - ANSWER-A written description of a parcel of land which locates it precisely and will hold up in court. (Does not include address.) third party financing - ANSWER-financing that involves someone other than the seller of the property; may be conventional or government backed When inserting provisions into a co...

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1. The effective date- who, what, and when? - Between the buyer and the seller, The date on which the communication was made. The date of initialing and signing of the parties. The last party to initial/Sign fills in the day. 2. What is the legal proceedings brought by party to a contract against another party to compel action call forth in the agreement? - Breach of a contract, one-party defaults, sues for specific performance, seek other relief - arbitration, mediation, injunction to sue fo...

In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - 1949 TREC has only _______ promulgated lease forms. - 2 In the TAR® Seller's Disclosure the seller should _______. a. prepare the disclosure when the listing is taken b. be the only one completing this form or any part of it c. none of the above d. both a and b - d. both a and b The _______ statute provides that the sender's message must contain clear and conspicuous notice that the mess...

Texas Promulgated Forms-CHAMPIONS (2023/2024) Newest Questions and Answers (Verified Answers)

Champions Promulgated Forms definitions of terms-100% tutor verified

Promulgated Forms – Champions (Champions School of Real Estate) with Complete Solutions(Rated A+).Mutual Consent - ANSWER-"meeting of the minds" unilateral contract - ANSWER-A contract in which only one party is obligated to perform consideration - ANSWER-Something given in exchange for a promise option - ANSWER-an agreement between a buyer and seller giving the buyer the right to purchase a property at a preset price for a given period of time unenforceable contract - ANSWER-A c...