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2023/2024 Promulgated Contract Forms Champions school of real estate Exam VERIFIED 100% CORRECT

Promulgated Contract Forms- Champions Questions & Answers 100% Accurate!!. VALID/VOID/UNENFORCEABLE/VOIDABLE CONTRACTS - ANSWER-a void contract is invalid from the beginning, and doesnt affect the parties. a contract to perform an illegal act is a void contract. a voidable contract cannot be enforced against one or more parties. elemenets of a valid and enforcable contract (COLIC) - ANSWER--competent parties (18, sane, sober) -offer and acceptance (mutual consent) -legal purpose -i...

Promulgated Contract Forms (Champions) Exam Ques mutual consent - ANSWER-a "meeting of the minds" unilateral contract - ANSWER-a contract in which only one party is obligated to perform unenforceable contract - ANSWER-a contract that cannot be enforced due to some flaw or other issue in the contract elements of a valid and enforceable contract - ANSWER-COLIC (competent parties, offer and acceptance, legal purpose, in writing, consideration) amendment - ANSWER-changes to the contra...

Promulgated Contract Forms (Exam Review) Questions and Answers (Scored A+) TREC contract forms and their uses - ANSWER-- Sales Contracts: 1) One-to-Four Family Contract (Resale) 2) New Home Contract (Incomplete Construction) 3) New Home Contract (Completed Construction) 4) Unimproved Property Contract 5) Residential Condominium Contract (Resale) 6) Farm and Ranch Contract - Leases: 1) Buyer's Temporary Residential Lease 2) Seller's Temporary Residential Lease TREC rules regardin...

Promulgated Contract Forms Final Exam 2024 Questions & Answers (Rated A+) If a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: A) Paragraph #11 (Special Provisions) B) Paragraph #12 - Seller participation in the Buyer's costs C) Third Part financing Addendum D) All of the above - ANSWER-B) Paragraph #12- Seller participation in the Buyer's costs If a Buyer chooses not to be represented by an agent, the Buyer must be mad...

Promulgated Contract form Practice exam Correct answers latest update 2024/2025

Promulgated Contract Forms (Champions) Correct answers latest update 2024/2025

Promulgated Contract Forms Final Exam Correct answers latest update 2024/2025

Promulgated Contract Forms final exam Correct answers latest update 2024/2025

Promulgated Contract Forms Correct answers latest update 2024/2025

Promulgated Contracts Correct answers latest update 2024/2025