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Texas Promulgated Contracts-CHAMPIONS STUDY 108 Questions with 100% Correct Answers | Verified | Latest Update|43 Pages

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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 defined as a contract that is binding on the...

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Texas Promulgated Contracts Homework 60 Questions with 100% Correct Answers | Updated & Verified

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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 SOLD TREC promulgated contract forms ...

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Texas Promulgated Contract Forms & Addenda 85 Final Exams Questions With Complete Solutions

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Which of the following is an example of a Bilateral contract? - ️️A Promise in exchange for a promise - Purchase Contract. Unilateral Contracts - Listing Agreement, Buyer's Rep, Option Contract Who is responsible for filling in the effective date, who, when & what? - ️️Broker. Between t...

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Texas Promulgated Contract Forms 196 Questions with 100% Correct Answers | Verified | Latest Update

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A competent party is one that is: - ️️At least 18 years of age Mentally competent Cannot be temporary incompetent The Texas Real Estate Commission regulates a licensee in which of the following situations? - ️️When the licensee is selling a house for a client What is a legal agreemen...

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Texas Promulgated Contract Forms 161 Questions with 100% Correct Answers | Updated & Verified|48 Pages

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An agreement between a buyer and seller giving the buyer the right to purchase a property at a preset price for a given period of time. a. Mutual consent b. Unilateral contract c. Consideration d. Option e. Unenforceable contract - ️️D A "meeting of the minds" a. Mutual consent b...

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Texas Promulgated Contract Forms 91 Quiz Questions with 100% Correct Answers | Verified | Latest Update

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Consideration - ️️Anything given or promised by a party to induce another to enter into a contract is referred to as...? Competent parties Consideration Mutual agreement - ️️A valid and enforceable contract must include which of the following elements...? Must be in-writing - ️️J...

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