The trec one to four r Study guides, Class notes & Summaries

Promulgated Contracts Exam(real estate exam 6)Already Graded A+ When would it be appropriate to use the New Home Contract (Incomplete Construction)? for a client buying a new home that is being built A buyer needs more option period time. They have asked the seller, who agreed, and signed TREC's Amendment to Contract. What else must they do to make the extension official? pay an additional option fee In TREC promulgated contracts, what does Paragraph 21: Notices provide information about...

Final Exam RELE 1200 Questions and Answers 100% Pass 1. According to paragraph 18 of the One to Four Family Residential Contract, at closing, earnest money is first applied to cash down payment 2. Which addendum is commonly used in a transaction involving an 80% fixed-rate loan? Third Party Financing Addendum 3. In the Third Party Financing Addendum, what should be the cap on interest rates? A rate the buyer will pay that is available in the market 4. When may a potential purchaser's offer ...

AYPO Real Estate Promulgated contracts actual exam questions "Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - ANS c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through it ...

Which of the following is an example of a Bilateral contract? - Answer- 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? - Answer- Broker. 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. Broker. Last party to acc...

1. The effective date- who, what, and when? - Answer- 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 proceedings brought by party to a contract against another party to compel action call forth in the agreement? - Answer- Breach of a contract, one-party defaults, sues for specific performance, seek other relief - arbitration, mediation, inju...

TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae... The _____ is required to ascertain that Brokers are aware of all of their responsibilities. - Texas Real Estate Commission The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate br...

Which of the following is an example of a Bilateral contract? - correct answer 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? - correct answer Broker. 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. Broker. Las...

Promulgated Contracts Questions with complete solutions A "release clause" in a mortgage agreement would allow which of the following without additional lender approval? To section off a portion of the property, the equivalent value of which has been paid off, and sell off that portion if desired. An oral contract for the lease of a property for one year or less has a statue of limitation of: two years Which of these is an exemptions to the "legal capacity" requirement to fo...

Law of contract practice exam Questions with complete Answers The state of the contract between the execution date and the closing. This lease has a defined specific beginning and ending date. The TREC ONE-TO-FOUR RESIDENTIAL RESALE CONTRACT requires the seller to deliver__________ to the buyer at closing. A contingency added by sellers to provide a measure of protection against a house sale. What kind of listing is created when the owner wishes to receive a set amo...