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Law of Contracts:Law of Contracts Package Deal :Contract Law Exam Study Guide:Law of Contracts Exam Preparation:Law of Contracts - Champions Test:Texas Law of Contracts:Law Of Contracts Exam Study Guide:Texas Law of Contracts Exam .
Contract Law Exam Study Guide:Law of Contracts Exam Preparation:Law of Contracts - Champions Test:Texas Law of Contracts:Law Of Contracts Exam Study Guide:Texas Law of Contracts Exam Study Guide: Law of Contracts - Champions School of Real Estate:Law of Contracts Cumulative:Texas Law of Contracts:Questions & Answers:Latest Updated
- Pack
- • 16 éléments •
- Contract Law Exam Study Guide: Updated A+ Score Guide Solution • Examen
- Law of Contracts Exam Preparation: 100% Verified Questions & Answers: Latest Updated • Examen
- Law of Contracts Level 2: Latest Updated Guide • Examen
- Law of Contracts - Champions Test: Questions & Answers: Guaranteed A+ Score Guide • Examen
- Texas Law of Contracts:Questions & Answers:Latest Updated: Guaranteed A+ Score Guide • Examen
- Et plus ….
Contract Law Exam Study Guide:Law of Contracts Exam Preparation:Law of Contracts - Champions Test:Texas Law of Contracts:Law Of Contracts Exam Study Guide:Texas Law of Contracts Exam Study Guide: Law of Contracts - Champions School of Real Estate:Law of Contracts Cumulative:Texas Law of Contracts:Questions & Answers:Latest Updated
Law of Contracts - Champions School of Real Estate: Questions & Answers: Updated Solution
TERLA 
(Ans- 
 - Texas Real Estate License Act 
 
- Created in 1939 
 
TREC 
(Ans- 
- Texas Real Estate Commission 
 
- Created in 1949 to administer/enforce TERLA 
 
Real Estate Center 
(Ans- 
- Located at Texas A&M University 
 
- Created in 1970 
 
TREC-Promulgated Forms/Leases (Residential): 
(Ans- 
- One-to-Four Family Residential Contract (Resale) 
 
- New Home Contract (Completed Construction) 
 
- Residential Condo Contract (Resale) 
 
- New Home Contract (Incomplete Construction)...
- Package deal
- Examen
- • 13 pages •
TERLA 
(Ans- 
 - Texas Real Estate License Act 
 
- Created in 1939 
 
TREC 
(Ans- 
- Texas Real Estate Commission 
 
- Created in 1949 to administer/enforce TERLA 
 
Real Estate Center 
(Ans- 
- Located at Texas A&M University 
 
- Created in 1970 
 
TREC-Promulgated Forms/Leases (Residential): 
(Ans- 
- One-to-Four Family Residential Contract (Resale) 
 
- New Home Contract (Completed Construction) 
 
- Residential Condo Contract (Resale) 
 
- New Home Contract (Incomplete Construction)...
Laws of Contract Test: Questions & Answers: Latest Updated: Guaranteed A+ Score Guide
Which of the following are NOT included in the description of land? 
a. The earth's surface extending downward to the center of the earth. 
b. A sewer system. 
c. Trees and water on the earth's surface. 
d. Formations such as hills and plateaus. 
(Ans- b. 
 
A property is owned as joint tenants. If one of the owners dies, 
a. his share of the property passes to the surviving owner immediately. 
b. the surviving tenant has to wait for the property to go through probate. 
c. the owner who died ...
- Package deal
- Examen
- • 23 pages •
Which of the following are NOT included in the description of land? 
a. The earth's surface extending downward to the center of the earth. 
b. A sewer system. 
c. Trees and water on the earth's surface. 
d. Formations such as hills and plateaus. 
(Ans- b. 
 
A property is owned as joint tenants. If one of the owners dies, 
a. his share of the property passes to the surviving owner immediately. 
b. the surviving tenant has to wait for the property to go through probate. 
c. the owner who died ...
Law of Contracts Level 6: (Updated ) A+ Score Guide
actual damages 
(Ans- monetary compensation given to an injured party for losses that were a result of the actions or omissions of another party 
 
breach of contract 
(Ans- occurs when the terms or conditions of a contract have been violated 
 
competent 
(Ans- the mental capacity of an individual to participate in legal proceedings or transactions
- Package deal
- Examen
- • 6 pages •
actual damages 
(Ans- monetary compensation given to an injured party for losses that were a result of the actions or omissions of another party 
 
breach of contract 
(Ans- occurs when the terms or conditions of a contract have been violated 
 
competent 
(Ans- the mental capacity of an individual to participate in legal proceedings or transactions
Texas Law of Contracts Exam Study Guide: Questions & Answers: Latest Updated
Describe at least two requirements under TRELA. 
(Ans- Act created by Texas Congress 1) All professionals are licensed 2) Use same policy, procedures, and forms. Providing correct documentations and forms during a transaction. TREC wanted to get things standardized. TREC was created in 1949 and that's when it began administrating TRELA. Real Estate Dealers license Act was enacted in 1939 for salesperson and brokers. TRELA is the present act which is active and administered until present day. 
...
- Package deal
- Examen
- • 32 pages •
Describe at least two requirements under TRELA. 
(Ans- Act created by Texas Congress 1) All professionals are licensed 2) Use same policy, procedures, and forms. Providing correct documentations and forms during a transaction. TREC wanted to get things standardized. TREC was created in 1949 and that's when it began administrating TRELA. Real Estate Dealers license Act was enacted in 1939 for salesperson and brokers. TRELA is the present act which is active and administered until present day. 
...
Broker Contract Law: Questions & Answers: Latest Updated: A+ Score Guide
While previewing a house, the salesperson notices water stains behind the draperies. the owner, when asked, denied there were any water problems. If the salesperson shows the property and fails to mention the water stains, the salesman is guilty of: 
a. fraud 
b. misrepresentation 
c. nothing, because his fiduciary responsibility is to the owner 
d. puffery 
 (Ans- A 
(material facts) As evidence of leakage or flooding, water stains are material facts that must be disclosed, if known by the sale...
- Package deal
- Examen
- • 41 pages •
While previewing a house, the salesperson notices water stains behind the draperies. the owner, when asked, denied there were any water problems. If the salesperson shows the property and fails to mention the water stains, the salesman is guilty of: 
a. fraud 
b. misrepresentation 
c. nothing, because his fiduciary responsibility is to the owner 
d. puffery 
 (Ans- A 
(material facts) As evidence of leakage or flooding, water stains are material facts that must be disclosed, if known by the sale...
Texas Law of Contracts Quiz: Questions & Answers: Latest Updated: Guaranteed A+ Score
The DTPA helps protect...? 
Agents 
Consumers 
Sellers 
Attorneys 
(Ans- Consumers 
 
In order to help prevent the buyer from withdrawing their offer, when should a seller provide a prospective buyer with the property disclosure form...? 
 
After the contract is signed with the prospective buyer 
Before the prospective buyer makes an offer 
After the prospective buyer's offer is accepted 
After the prospective buyer's home inspector conducts their inspection of the property 
(Ans- Before the...
- Package deal
- Examen
- • 25 pages •
The DTPA helps protect...? 
Agents 
Consumers 
Sellers 
Attorneys 
(Ans- Consumers 
 
In order to help prevent the buyer from withdrawing their offer, when should a seller provide a prospective buyer with the property disclosure form...? 
 
After the contract is signed with the prospective buyer 
Before the prospective buyer makes an offer 
After the prospective buyer's offer is accepted 
After the prospective buyer's home inspector conducts their inspection of the property 
(Ans- Before the...
Texas Law of Contracts Level 2: Updated A+ Score Guide
common law 
 (Ans- the side of law which arises from judgements and decisions made in courts rather than explicit legislation 
 
statutory law 
(Ans- law formally created by lawmakers 
 
improvement 
(Ans- any non-natural structure built on or affixed to land 
 
real estate 
(Ans- a part of the surface of land to the center of the earth and upward to space, plus all improvements made by man or nature 
 
land 
(Ans- the surface of the earth, including all permanently attached natural features...
- Package deal
- Examen
- • 5 pages •
common law 
 (Ans- the side of law which arises from judgements and decisions made in courts rather than explicit legislation 
 
statutory law 
(Ans- law formally created by lawmakers 
 
improvement 
(Ans- any non-natural structure built on or affixed to land 
 
real estate 
(Ans- a part of the surface of land to the center of the earth and upward to space, plus all improvements made by man or nature 
 
land 
(Ans- the surface of the earth, including all permanently attached natural features...
Law of Contracts Exam Study Guide: Guaranteed A+ Score
Default of contract and types of damages (pg 137) 
(Ans- 
 Liquidated Damages - The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. Liquidated damages are damages that are established in the contract. 
Monetary Damages - The injured party may "seek such other relief as may be provided by law." This would be an award of monetary damages by the court. Because monetary damages are awarded by the ...
- Package deal
- Examen
- • 13 pages •
Default of contract and types of damages (pg 137) 
(Ans- 
 Liquidated Damages - The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. Liquidated damages are damages that are established in the contract. 
Monetary Damages - The injured party may "seek such other relief as may be provided by law." This would be an award of monetary damages by the court. Because monetary damages are awarded by the ...
Law of Contracts Cumulative: Updated Solution: A+ Guide
abstract of title 
(Ans- an abbreviated history of a property, including info on any transfers, grantts, wills, conveyances, liens, and encumbrances 
 
acceleration clause 
(Ans- clause in a security instrument (mortgage/deed of trust) which makes the entire loan amount due immediately upon default 
 
Accession 
 (Ans- refers to the acquisition of new land or real property by artificial or natural means 
 
actual damages 
 (Ans- monetary compensation given to an injured party for losses that w...
- Package deal
- Examen
- • 23 pages •
abstract of title 
(Ans- an abbreviated history of a property, including info on any transfers, grantts, wills, conveyances, liens, and encumbrances 
 
acceleration clause 
(Ans- clause in a security instrument (mortgage/deed of trust) which makes the entire loan amount due immediately upon default 
 
Accession 
 (Ans- refers to the acquisition of new land or real property by artificial or natural means 
 
actual damages 
 (Ans- monetary compensation given to an injured party for losses that w...
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