Promulgated Contract Forms Bundled Exams Questions and Answers Latest Versions (2023/2024) (Complete and Accurate)

Promulgated Contract Forms: Final Exam Questions and Answers Already Passed When 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 o...

Promulgated Forms Latest Update Graded A The 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 of a valid real estat...

Promulgated Contract form Practice exam Graded A If 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 the seller and buyer B) The Brok...

Promulgated Forms Final Exam Study 2023 Rated A+ 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. 2. What is the legal proce...

Texas Promulgated Contracts Homework (2023/2024) Graded A The TREC PROMULGATED CONTRACT FORMS ARE DRAFTED BY THE BROKER-LAWYER COMMITTEE IN A LEASE WITH A RIGHT OF FIRST REFUSAL PROVISION THE TENANT HAS THE RIGHT TO MATCH OR BETTER ANY OFFER THE LANDLORD RECEIVES TO PREVENT THE PROPERTY FROM BEING ...

351 PROMULGATED CONTRACT FORMS QUESTIONS AND ANSWERS 100% PASS If there is no time limit specified in an offer, then the time limit will expire: Within a reasonable time The clause in a contract stating that "time is of the essence" would indicate: Strict performance of certain acts within the ti...

Promulgated Contract Forms - Study Guide Rated A+ Information 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 must take care to use only th...

Promulgated Contract Forms (Champions) (2023/2024) Already Graded A mutual consent a "meeting of the minds" unilateral contract a contract in which only one party is obligated to perform unenforceable contract a contract that cannot be enforced due to some flaw or other issue in the contract el...

Texas Promulgated Contracts 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 B A(n) __________________ contract is define...

Texas Promulgated Contract Forms (2023/2024) Already Passed use 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 solely as principal - age...

RealEstateU- Texas Promulgated Contract Forms Questions and Answers 100% Pass The execution of a contract by which the contracting parties are automatically discharged of their obligations under it is known as...? Performance Which of the following is an example of consideration? Money, personal s...

Allied - Texas Promulgated Contract Form Questions and Answers Graded A When 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 contract to be ______...