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Effective Date The date a contract starts is known as the...? Effective date Legal date Commencement date Signature date All Of The Above A valid and enforceable contract must include which of the following elements...? Consideration Mutual agreement Competent parties All of the above Addendum Additional pages of material that are added to and become part of a contract are referred to as a/an...? RFP Addendum Amendment

Which of these must a broker maintain a copy of for three years following a sale? - Lead-based paint addendum Angela's buyer has decided to terminate their contract during the option period. They buyer has sent a written demand to the escrow agent to release the earnest money, but Angela wants to keep it. What penalty might she eventually face? - Angela will have to pay back the earnest money, attorney fees, and the cost of a lawsuit. A buyer needs more option period time. They have asked...

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

Texas Promulgated Contracts Homework(Answered)Correctly 2023 The TREC PROMULGATED CONTRACT FORMS ARE DRAFTED BY THE BROKER-LAWYER COMMITTEE IN A LEASE WITH A RIGHT OF FIRST REFUSAL PROVISION THE TENANT HAS THE RIGHT TO MATCH OR BETTER ANY OFFER THE LANDLORD RECEIVES TO PREVENT THE PROPERTY FROM BEING SOLD TREC promulgated contract forms provide for third party financing, assumption seller finance a lender can withdraw the approval of a property at any time prior to closing the third...

The TREC PROMULGATED CONTRACT FORMS - ARE DRAFTED BY THE BROKER-LAWYER COMMITTEE IN A LEASE WITH A RIGHT OF FIRST REFUSAL PROVISION - THE TENANT HAS THE RIGHT TO MATCH OR BETTER ANY OFFER THE LANDLORD RECEIVES TO PREVENT THE PROPERTY FROM BEING SOLD TREC promulgated contract forms provide for - third party financing, assumption seller finance a lender can withdraw the approval of a property - at any time prior to closing the third party financing addendum for credit approval is used whe...

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

Texas Promulgated Contracts Exam Questions and Answers Latest Updated 2024 (Correct Answers) 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...

Texas Promulgated Contracts Quizzes Perfectly Solved!! 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 ...