Texas Real Estate Exam 5 Contracts.pdf file:///C:/Users/HP/Desktop/New%20fl/Texas%20Real%20Estate%2
Texas Real Estate Exam 5 Contracts
Questions & Answers
1. Exceptions for not using standard contract forms
Answer Prepared by attorneysSpecified by governmental agencies, property owners, or
their lawyers
2. TREC has no promulgated sales forms for
Answer Co-ops, commercial real estate, ormobile homes
3. Who writes the promulgated contract forms?
Answer The Broker Lawyer Committee
4. Who promulgates the promulgated contract forms?
Answer TREC
1/2
1 of 6 10/8/2024, 8:37
,Texas Real Estate Exam 5 Contracts.pdf file:///C:/Users/HP/Desktop/New%20fl/Texas%20Real%20Estate%2
5. Where can you find "Time is of the Essence"
Answer Sales Contract in the Termina-tion/Option paragraph
Third Party Financing
Addendum for Sale of Other Property by BuyerBack-
Up Addendum
Short Sale Addendum
6. The Seller's Temporary Lease Addendum and Buyer's Temporary LeaseAddendum
are for use when the lease period is
Answer for 90 days or less
7. An option fee must be paid
Answer independently of any check
8. Who is accepting final change?
Answer The last party to sign a contract
9. Who is responsible for filling in the effective date?
2/2
2 of 6 10/8/2024, 8:37
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BESTGOODIES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
