TEXAS PROMULGATED CONTRACTS

When would it be appropriate to use the New Home Contract (Incomplete Construction)? for a client buying a new home that is being built A buyer needs more option period time. They have asked the seller, who agreed, and signed TREC's Amendment to Contract. What else must they do to make the extension official? pay an additional option fee In TREC promulgated contracts, what does Paragraph 21: Notices provide information about? where to send official notices about the contract ...

TEXAS PROMULGATED CONTRACTS-CHAMPIONS EXAM 2024 |TEXAS PROMULGATED CONTRACTS EXAM QUESTIONS AND ANSWERS FOR 2024 Questions and answers for the texas promulgated contracts exam 2024. The questions cover various topics related to real estate contracts, including disclosures, timeframes, compensation, and lease agreements. The answers are provided for each question and are 100% correct.

Texas Promulgated Contracts-Champions Study Questions And Answers Rated A+ 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 - 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 ...

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 - 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 - Answer- A In the business...

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...

Texas Promulgated Contracts End of Section Exam Questions with Complete Solutions In 1939, the legislator passed what law? - ANSWER Real Estate Dealers License Act (REDLA) which meant all RE agents must obtain a license Competent Parties Summary:(3) - ANSWER Must be 18 + years of age Must be mentally competent Cannot be temporary incompetent The Texas Real Estate Commission regulates a licensee in which of the following situations? - ANSWER when license sell ho...

TEXAS PROMULGATED CONTRACTS REAL EXAM ANALYZED AND EXPERT COMPILED EDITION GUARANTEED PASS A+

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

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 answers 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 answers A In ...

TEXAS PROMULGATED CONTRACTSCHAMPIONS STUDY EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ 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...