Aypo real estate law of contracts fina Study guides, Study notes & Summaries

AYPO Real Estate Law of Contracts Final Exam Review Last document update:   ago

AYPO Real Estate Law of Contracts Final Exam Review Which of these is an element necessary to form a contract? - ANS-1. Legal Purpose 2. Offer 3. Consideration A contract often created by a court based on the actions of the parties and not on a written agreement is called a(n): - ANS-Implied contract Once a party has purchased an option to buy: - ANS-They have the choice to complete the purchase within the option period or to pass without further obligation. Forms pu...

AYPO Real Estate Law of Contracts Final Exam Review Questions and Answers 100% Correct Last document update:   ago

Forms published and promoted by the TREC for use in the Texas real estate profession are referred to as:Promulgated forms The Texas Real Estate Commission (TREC) is a ___-member commission appointed by the governor with the advice and consent of the senate for overlapping ___-year terms.9, 6 Contract law presents a particularly high risk of the unauthorized practice of law when a licensee chooses to do which of the following?Create their own contract forms. The Broker-Lawyer Committee:D...