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Promulgated Contract Forms - Texas | 2023 / 2024 | Promulgated Contract Forms - Texas | 2023 / 2024 |
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  • Texas Promulgated Contract Forms Questions (Answered) 100% 2023 An agreement that allows a tenant to purchase a property during the lease term. a. Promulgated forms b. Counteroffer c. Unauthorized practice of law d. Lease-purchase agreement e. Offeror ((Correct Ans:- D TREC-promulgated lease forms are for a term of no more than ________________ days. a. 180 b. 30 c. 90 d. 60 ((Correct Ans:- C A(n) ________________ is a rejection of the original offer coupled with a new offe...
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  • Texas Promulgated Contract Forms Exam, All Questions with Correct Answers |100% A competent party is one that is: a. At least 18 years of age b. Mentally competent c. Cannot be temporary incompetent d. All of the above ((Correct Ans:-d. All of the above The Texas Real Estate Commission regulates a licensee in which of the following situations? a. When the licensee is purchasing a house b. When the licensee is purchasing a commercial building c. When the licensee is selling a hou...
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  • Texas Promulgated Contracts Exam Study Guide With Complete Solution 2023 According to the Addendum for "Back-Up" Contract, when must the option money be paid? ((Correct Ans:-Upon execution Real Estate Dealer's License Act (REDLA) ((Correct Ans:-Passed in 1939, it required real estate agents to obtain licenses. It was changed to the Texas Real Estate License Act in 1949 True or False: The seller would be the party of the first part and the buyer would be the party of the second part...
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TEXAS PROMULGATED CONTRACTS-CHAMPIONS STUDY (2022-23) Solved 100% Correct TEXAS PROMULGATED CONTRACTS-CHAMPIONS STUDY (2022-23) Solved 100% Correct
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  • TEXAS PROMULGATED CONTRACTS-CHAMPIONS STUDY (2022-23) Solved 100% Correct, 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 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 In...
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