Texas Promulgated Contract Forms Resúmenes

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 ...

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

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...

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...

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...

When a "fixture" in a property does not remain for the buyer, how do we inform the buyer of that fact and make sure the item does not convey with the property? Paragraph 23 "termination option" of the TREC 1-4 Family Residential Contract: If a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: If a Buyer chooses not to be represented by an agent, the Buyer must be made aware that any information they share can be commun...

Comprehensive Sets; TEXAS PROMULGATED CONTRACTS Exams Questions All with Correct Answers |2023 Guarantee Pass,Comprehensive Sets; TEXAS PROMULGATED CONTRACTS Exams Questions All with Correct Answers |2023 Guarantee Pass

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...

Texas Promulgated Contract Forms Exam, All Questions with Correct Answers |100% A competent party is one that is: a. At least 18 years of age b. Mentally competent c. Cannot be temporary incompetent d. All of the above ((Correct Ans:-d. All of the above The Texas Real Estate Commission regulates a licensee in which of the following situations? a. When the licensee is purchasing a house b. When the licensee is purchasing a commercial building c. When the licensee is selling a hou...