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Promulgated Contracts Practice Exam 6 with Questions and Answers
Promulgated Contracts Practice Exam 6 with Questions and Answers An amendment A. makes a change to an existing contract. b. is a separate agreement. С. never attached to the original agreement. d. needs signatures of buyers, brokers, and sellers. ANSWER A When both parties cancel or terminate a contract as though it had never been made is a. revocation. b. cancellation. C. rescission. d. statutory reenactment. ANSWER C A buyer promises to pay an option fee of $100 withi...
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- • 11 páginas •
Promulgated Contracts Practice Exam 6 with Questions and Answers An amendment A. makes a change to an existing contract. b. is a separate agreement. С. never attached to the original agreement. d. needs signatures of buyers, brokers, and sellers. ANSWER A When both parties cancel or terminate a contract as though it had never been made is a. revocation. b. cancellation. C. rescission. d. statutory reenactment. ANSWER C A buyer promises to pay an option fee of $100 withi...
Promulgated Contracts Practice Exam Questions and Answers
Promulgated Contracts Practice Exam Questions and Answers The lender holding the note on a property must approve a short sale or the contract will be a) terminated. b) amended to the amount owed. c) transferred to another lender. d) counteroffered. ANSWER terminated. If a payment is made 10 or more days after the due date, what late fees are charged under the Seller Financing Addendum TREC 26-6? a) 1% of the sales price b) 2% of the payment amount c) 5% of the payment amount d) A $...
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- • 15 páginas •
Promulgated Contracts Practice Exam Questions and Answers The lender holding the note on a property must approve a short sale or the contract will be a) terminated. b) amended to the amount owed. c) transferred to another lender. d) counteroffered. ANSWER terminated. If a payment is made 10 or more days after the due date, what late fees are charged under the Seller Financing Addendum TREC 26-6? a) 1% of the sales price b) 2% of the payment amount c) 5% of the payment amount d) A $...
Promulgated Contracts Exam Prep with Questions and Answers
Promulgated Contracts Exam Prep with Questions and Answers Essential elements of a contract include: A. Competent parties B. Offer and acceptance C. Consideration D. All of the above ANSWER D. All of the above (**also includes legality of object) A contract must include all of these items except: A. Legal Description B. Sales Price C. Names of parties D. Type of loan ANSWER D. Type of loan If a Seller counters a Buyer's offer, it is considered a rejection. A. True ...
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- • 23 páginas •
Promulgated Contracts Exam Prep with Questions and Answers Essential elements of a contract include: A. Competent parties B. Offer and acceptance C. Consideration D. All of the above ANSWER D. All of the above (**also includes legality of object) A contract must include all of these items except: A. Legal Description B. Sales Price C. Names of parties D. Type of loan ANSWER D. Type of loan If a Seller counters a Buyer's offer, it is considered a rejection. A. True ...
Promulgated Contracts Exam Study Guide with Questions and Answers
Promulgated Contracts Exam Study Guide with Questions and Answers Executed and Executory contracts are differentiated by: A.by their structures. B. by their enforceability. C. their stages of fulfillment. D. by their validity. ANSWER Their stages of fulfillment Which of these is an exemption to the "legal capacity" requirement to form a contract? A. A contract for a life necessity. B. Neither of these is correct. C.Both of these are correct. D. The other party had no knowle...
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- • 34 páginas •
Promulgated Contracts Exam Study Guide with Questions and Answers Executed and Executory contracts are differentiated by: A.by their structures. B. by their enforceability. C. their stages of fulfillment. D. by their validity. ANSWER Their stages of fulfillment Which of these is an exemption to the "legal capacity" requirement to form a contract? A. A contract for a life necessity. B. Neither of these is correct. C.Both of these are correct. D. The other party had no knowle...
Promulgated forms Exam 1 with Questions and Answers
Promulgated forms Exam 1 with Questions and Answers The Texas Real Estate Commission prohibits a license holder from using a sales contract drafted by A) the broker. B) an attorney. C) the seller. D) the buyer. ANSWER A Protected classes under the Fair Housing Act include all of the following EXCEPT A) gender. B) age. C) race. D) color. ANSWER B The One to Four Family Residential Contract requires the survey to be acceptable to the
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- • 14 páginas •
Promulgated forms Exam 1 with Questions and Answers The Texas Real Estate Commission prohibits a license holder from using a sales contract drafted by A) the broker. B) an attorney. C) the seller. D) the buyer. ANSWER A Protected classes under the Fair Housing Act include all of the following EXCEPT A) gender. B) age. C) race. D) color. ANSWER B The One to Four Family Residential Contract requires the survey to be acceptable to the
Promulgated Contract Forms Final Exam with Questions and Answers
Promulgated Contract Forms Final Exam with Questions and Answers 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 made aware th...
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- • 19 páginas •
Promulgated Contract Forms Final Exam with Questions and Answers 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 made aware th...
Promulgated Contract Forms Exam with Questions and Solutions
Promulgated Contract Forms Exam with Questions and Solutions Use of the TREC promulgated One to Four Family Residential Contract (Resale): A. Is allowed on the sale of a residential condominium B. Can be used for a vacant residential lot C. Covers single family, duplex, triplex, and fourplex transactions D. All of the above ANSWER C. Covers single family, duplex, triplex, and fourplex transactions Broker's fees are: A. Included in the One to Four Family Residential Contract (Resale...
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- • 38 páginas •
Promulgated Contract Forms Exam with Questions and Solutions Use of the TREC promulgated One to Four Family Residential Contract (Resale): A. Is allowed on the sale of a residential condominium B. Can be used for a vacant residential lot C. Covers single family, duplex, triplex, and fourplex transactions D. All of the above ANSWER C. Covers single family, duplex, triplex, and fourplex transactions Broker's fees are: A. Included in the One to Four Family Residential Contract (Resale...
AYPO Real Estate Promulgated Contracts Actual Exam Questions and Answers
AYPO Real Estate Promulgated Contracts Actual Exam Questions and Answers "Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these ANSWER c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through ...
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AYPO Real Estate Promulgated Contracts Actual Exam Questions and Answers "Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these ANSWER c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through ...
Texas Law of Contracts Exam with Questions and Answers
Texas Law of Contracts Exam with Questions and Answers Drafts and revises contract forms for use in real estate transactions in the state of Texas. a. Promulgated forms b. Intentionally c. Puffing d. Deceptive Trade Practices Act e. Broker-Lawer Committee ANSWER E Forms published by TREC that are mandatory for license holders to use in real estate transactions int he state of Texas. a. Promulgated forms b. Intentionally c. Puffing d. Deceptive Trade Practices Act e. Broker-La...
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Texas Law of Contracts Exam with Questions and Answers Drafts and revises contract forms for use in real estate transactions in the state of Texas. a. Promulgated forms b. Intentionally c. Puffing d. Deceptive Trade Practices Act e. Broker-Lawer Committee ANSWER E Forms published by TREC that are mandatory for license holders to use in real estate transactions int he state of Texas. a. Promulgated forms b. Intentionally c. Puffing d. Deceptive Trade Practices Act e. Broker-La...
Promulgated Contract Forms Real Estate Chapter 5 Exam with Questions and Answers
Promulgated Contract Forms Real Estate Chapter 5 Exam with Questions and Answers 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 ANSWER b If a contract has been entered into with a person who has been judged to be incom...
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- • 25 páginas •
Promulgated Contract Forms Real Estate Chapter 5 Exam with Questions and Answers 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 ANSWER b If a contract has been entered into with a person who has been judged to be incom...
Hondros 212 Exam 2 with Questions and Answers
Not nearly enough information for 10$ 37 questions with answers out of 70 with repeating information :/
ATI Fundamentals - Chapter 41 - Pain Management Questions and Answers
Radiography for Vet Tech Penn Foster Exam with Complete Solutions
ATI Mental Health Bipolar Disorder Exam with Questions and Answers
ATI Chapter 23: Medications for Bipolar Disorders Exam with Questions and Answers