Promulgated contract forms Question with complete solution 2023 Exam (elaborations) Promulgated Contract Forms #351 Question and answer 2023 verified Exam (elaborations) Allied - Texas Promulgated Contract Form Question and answers already passed 2023 Exam (elaborations) Texas Promulgated Con...
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Promulgated Forms Questions with complete solution 2023The title company decides the amount of earnest money required in a real estate contract. The statement is FALSE. The buyer and the seller agree to the amount of earnest money in a contract. If a contract does NOT meet the six elements o...
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In winkelwagenPromulgated Forms Questions with complete solution 2023The title company decides the amount of earnest money required in a real estate contract. The statement is FALSE. The buyer and the seller agree to the amount of earnest money in a contract. If a contract does NOT meet the six elements o...
Final Exam Study - Promulgated Forms Question and answer already passed 2023 1. The effective date- who, what, and when? Between the buyer and the seller, The date on which the communication was made. The date of initialing and signing of the parties. The last party to initial/Sign fills in the day...
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In winkelwagenFinal Exam Study - Promulgated Forms Question and answer already passed 2023 1. The effective date- who, what, and when? Between the buyer and the seller, The date on which the communication was made. The date of initialing and signing of the parties. The last party to initial/Sign fills in the day...
Promulgated Formals Question and answers already passed 20231. Purchase Contract Bilateral, in which a promise is exchanged for a promise 2. What does a Broker do in the Contract? Fills out the date of final acceptance 3. A specific performance Legal proceeding asking the court to ...
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In winkelwagenPromulgated Formals Question and answers already passed 20231. Purchase Contract Bilateral, in which a promise is exchanged for a promise 2. What does a Broker do in the Contract? Fills out the date of final acceptance 3. A specific performance Legal proceeding asking the court to ...
Promulgated Contract Forms final exam Questions and answer 2023 verifiedIf 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...
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In winkelwagenPromulgated Contract Forms final exam Questions and answer 2023 verifiedIf 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...
Promulgated forms Question and answer rated A+ 2023The 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. A Protected classes under the Fair Housing Act include all of the followin...
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In winkelwagenPromulgated forms Question and answer rated A+ 2023The 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. A Protected classes under the Fair Housing Act include all of the followin...
Promulgated Forms Vocabulary Question and answer rated A+ 2023abstract (of title) a full summary of all recorded documents, recorded at the county courthouse, that may affect title to a given parcel of real estate addressed in paragraph 6 of the TREC promulgated contracts acceptance an expr...
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In winkelwagenPromulgated Forms Vocabulary Question and answer rated A+ 2023abstract (of title) a full summary of all recorded documents, recorded at the county courthouse, that may affect title to a given parcel of real estate addressed in paragraph 6 of the TREC promulgated contracts acceptance an expr...
Promulgated Contract Forms: Final Exam Question and answers 100% correct 2023When earnest money is deposited with an escrow agent, the escrow agent: A) Is not responsible for the performance of any signatory B) Has the right to secure written release of all signatories C) Is not liable for interest...
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In winkelwagenPromulgated Contract Forms: Final Exam Question and answers 100% correct 2023When earnest money is deposited with an escrow agent, the escrow agent: A) Is not responsible for the performance of any signatory B) Has the right to secure written release of all signatories C) Is not liable for interest...
Promulgated Forms Question and answer already passed 20231. TREC contract forms and their uses - page 35 The title of the form reveals its intended use. The contract form is the One to Four Family Residential Contract (Resale). One to four means that it can be used for single-family properties, dup...
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In winkelwagenPromulgated Forms Question and answer already passed 20231. TREC contract forms and their uses - page 35 The title of the form reveals its intended use. The contract form is the One to Four Family Residential Contract (Resale). One to four means that it can be used for single-family properties, dup...
Promulgated Forms - Rev0 Question and answer 2023 verifiedFailure to use _________________forms, a form written by an attorney, or a form required by a party can result in a license revocation or suspension by TREC. TREC Promulgated Some residential leases contain a right of first __________...
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In winkelwagenPromulgated Forms - Rev0 Question and answer 2023 verifiedFailure to use _________________forms, a form written by an attorney, or a form required by a party can result in a license revocation or suspension by TREC. TREC Promulgated Some residential leases contain a right of first __________...
Promulgated Forms Question with complete solution 2023Void Contract Invalid from the beginning and has no effect on the parties. Ex: contract to perform an illegal act. Voidable Contract One that cannot be enforced against one or more of the parties. Most contracts entered into with minors...
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In winkelwagenPromulgated Forms Question with complete solution 2023Void Contract Invalid from the beginning and has no effect on the parties. Ex: contract to perform an illegal act. Voidable Contract One that cannot be enforced against one or more of the parties. Most contracts entered into with minors...
TREC Promulgated Contract Forms #351 Final Question and answer rated A+ 2023In the State of Texas who is allowed to use a customized real estate contract? The real estate brokerage company The salesperson The broker Lawyers licensed to practice in Texas Lawyers licensed to practice in Texas ...
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In winkelwagenTREC Promulgated Contract Forms #351 Final Question and answer rated A+ 2023In the State of Texas who is allowed to use a customized real estate contract? The real estate brokerage company The salesperson The broker Lawyers licensed to practice in Texas Lawyers licensed to practice in Texas ...
Texas Promulgated Forms Question and answer already passed 2023Broker Lawyer Committee member brake down 13 members, 6 lawyers by president of state bar of texas, 6 brokers by TREC, 1 public member appointed by governor The Broker-Lawyer Committee -------contact forms intended for use by li...
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In winkelwagenTexas Promulgated Forms Question and answer already passed 2023Broker Lawyer Committee member brake down 13 members, 6 lawyers by president of state bar of texas, 6 brokers by TREC, 1 public member appointed by governor The Broker-Lawyer Committee -------contact forms intended for use by li...
Promulgated Contract Forms - Study Guide Question and answer 100% correct 2023Information Needed to Complete Contract Forms -Elements and Practice 1-4 Family Residential Contract (Resale): The heading of this contract contains; date the contract form was approved by the Commission. License holders ...
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In winkelwagenPromulgated Contract Forms - Study Guide Question and answer 100% correct 2023Information Needed to Complete Contract Forms -Elements and Practice 1-4 Family Residential Contract (Resale): The heading of this contract contains; date the contract form was approved by the Commission. License holders ...
Promulgated Contract Forms Questions and answer already passed 2023Valid Contract is one that meets all of the requirements of law Void Contract is invalid from the beginning and does not affect the parties EX: a contract to perform an illegal act is a void contract Voidable Contra...
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In winkelwagenPromulgated Contract Forms Questions and answer already passed 2023Valid Contract is one that meets all of the requirements of law Void Contract is invalid from the beginning and does not affect the parties EX: a contract to perform an illegal act is a void contract Voidable Contra...
Texas Promulgated Contracts-CHAMPIONS STUDY Question and answer 2023 verified 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) ____...
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In winkelwagenTexas Promulgated Contracts-CHAMPIONS STUDY Question and answer 2023 verified 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) ____...
Real Estate U Texas Promulgated Contract Forms(4) Question with complete solution 2023To have no force or effect is referred to as a .......... contract? Void Valid Enforceable Executed Void That which is capable of being adjusted void, but is not unless action is taken to make it so, is...
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In winkelwagenReal Estate U Texas Promulgated Contract Forms(4) Question with complete solution 2023To have no force or effect is referred to as a .......... contract? Void Valid Enforceable Executed Void That which is capable of being adjusted void, but is not unless action is taken to make it so, is...
Texas Contract Law Question and answer 100% correct 2023Mandatoy TREC forms 1. One to four Family Residential Contract 2. Farm and Ranch Contract 3. Loan Assumption Addendum Seller is required to provdie a disclosure of a property condition to the buyer for the following: 1. Licensee's ...
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In winkelwagenTexas Contract Law Question and answer 100% correct 2023Mandatoy TREC forms 1. One to four Family Residential Contract 2. Farm and Ranch Contract 3. Loan Assumption Addendum Seller is required to provdie a disclosure of a property condition to the buyer for the following: 1. Licensee's ...
Promulgated Contract form Practice exam Question and answer rated A+ 2023If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False B) False Which of the following, with written, consent, may act as an Intermediary? A) The Broker representing ...
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In winkelwagenPromulgated Contract form Practice exam Question and answer rated A+ 2023If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False B) False Which of the following, with written, consent, may act as an Intermediary? A) The Broker representing ...
Texas Promulgated Contract Forms Question and answer 100% correct 2023REDLA was changed into the Texas Real Estate License Act (TRELA) contract for the purchase of real estate must be in writing to be enforceable a competent party: Must be 18 + years of age Must be mentally compe...
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In winkelwagenTexas Promulgated Contract Forms Question and answer 100% correct 2023REDLA was changed into the Texas Real Estate License Act (TRELA) contract for the purchase of real estate must be in writing to be enforceable a competent party: Must be 18 + years of age Must be mentally compe...
Promulgated Contract Forms Question and answer already passed 2023mutual consent A "meeting of the minds" unilateral contract A contract in which only one party is obligated to perform consideration Something given in exchange for a promise option An agreement between a bu...
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In winkelwagenPromulgated Contract Forms Question and answer already passed 2023mutual consent A "meeting of the minds" unilateral contract A contract in which only one party is obligated to perform consideration Something given in exchange for a promise option An agreement between a bu...
PROMULGATED CONTRACTS Question and answer 2023 verifiedContract: A legally binding and enforceable agreement to do or not to do a specific thing Promulgated Contract: A contract that has been approved and is required to be used by license holders In Texas, what are the two entities t...
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In winkelwagenPROMULGATED CONTRACTS Question and answer 2023 verifiedContract: A legally binding and enforceable agreement to do or not to do a specific thing Promulgated Contract: A contract that has been approved and is required to be used by license holders In Texas, what are the two entities t...
Promulgated Contract form Practice exam Question with complete solution 2023If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False B) False Which of the following, with written, consent, may act as an Intermediary? A) The Broker representi...
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In winkelwagenPromulgated Contract form Practice exam Question with complete solution 2023If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False B) False Which of the following, with written, consent, may act as an Intermediary? A) The Broker representi...
Texas Promulgated Contract Forms Question and answer rated A+ 2023use of standard contract forms when negotiating contracts binding the sale, exchange, lease, or rental of property promulgated issued by TREC for mandatory use by licence holders exceptions - licencee functioning sole...
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In winkelwagenTexas Promulgated Contract Forms Question and answer rated A+ 2023use of standard contract forms when negotiating contracts binding the sale, exchange, lease, or rental of property promulgated issued by TREC for mandatory use by licence holders exceptions - licencee functioning sole...
Allied - Texas Promulgated Contract Form Question and answers already passed 2023When the buyer assumes the sellers loan, the ______ becomes responsible for repayment of the loan as well as any other obligations to the lender. Buyer Lenders view non-realty items within the real estate contra...
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In winkelwagenAllied - Texas Promulgated Contract Form Question and answers already passed 2023When the buyer assumes the sellers loan, the ______ becomes responsible for repayment of the loan as well as any other obligations to the lender. Buyer Lenders view non-realty items within the real estate contra...
Promulgated Contract Forms #351 Question and answer 2023 verifiedEssential elements of a contract include: A. Competent parties B. Offer and acceptance C. Consideration D. All of the above All of the above The One-to-Four Family Contract includes all the following EXCEPT: A. Street ...
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In winkelwagenPromulgated Contract Forms #351 Question and answer 2023 verifiedEssential elements of a contract include: A. Competent parties B. Offer and acceptance C. Consideration D. All of the above All of the above The One-to-Four Family Contract includes all the following EXCEPT: A. Street ...
Promulgated contract forms Question with complete solution 2023Void Contract Is invalid from the beginning and has no effect on the parties Valid contract One that meets all the requirements of law Voidable contract One that cannot be enforced against one or more of the parties ...
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In winkelwagenPromulgated contract forms Question with complete solution 2023Void Contract Is invalid from the beginning and has no effect on the parties Valid contract One that meets all the requirements of law Voidable contract One that cannot be enforced against one or more of the parties ...
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