Aceable agent contracts - Study guides, Class notes & Summaries

Aceable Agent - Level 12. Real Estate Contracts

Aceable Agent - Law of Contracts

Aceable Agent - Promulgated Contracts Questions & Answers 2023(A+GRADED 100%VERIFIED)

ACEABLE AGENT - PROMULGATED CONTRACTS EXAM WITH COMPLETE SOLUTIONS!! VOID - -A contract that has no legal effect. VOIDABLE - -When one or more of the parties has the authority to rescind the contract. It appears to be valid, but one party may disaffirm because they are a minor, were subject to duress, or a victim of fraud or misrepresentation. STATUTE OF FRAUDS - -A law that requires real estate contracts be in writing is the ______________________? PAROLE EVIDENCE RULE - -Prevents a par...

Aceable Agent - Level 12. Real Estate Contracts

Principles 1 Aceable Practice Tests Exam Questions with 100% Correct Answers What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - answerA) To pay an aggrieved party who has won a judgment against a l...

VOID - correct answer A contract that has no legal effect. VOIDABLE - correct answer When one or more of the parties has the authority to rescind the contract. It appears to be valid, but one party may disaffirm because they are a minor, were subject to duress, or a victim of fraud or misrepresentation. STATUTE OF FRAUDS - correct answer A law that requires real estate contracts be in writing is the ______________________? PAROLE EVIDENCE RULE - correct answer Prevents a party to a writ...

Aceable Agent - Law of Contracts Question and answer 2023 verified DEED The legal written document that conveys the intangible ownership rights (title) of a real estate property to another property. DEED OF TRUST A security instrument that places the deed to the property in a trust held by the lender until a mortgage is paid off, when the trustee will transfer the deed to the borrower. TRUSTEE VS TRUSTOR A trustee is an individual person given control of property in trust with a...

Principles 1 Aceable Practice Tests Exam Questios with 100% Correct Answers What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - answerA) To pay an aggrieved party who has won a judgment against a l...