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PROMULGATED CONTRACT FORMS FINAL EXAM REVISED VERSION 2023
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When a "fixture" in a property does not remain for the buyer, how do we inform the buyer of that fact and make sure the item does not convey with the property? 
 
 
Paragraph 23 "termination option" of the TREC 1-4 Family Residential Contract: 
 
 
 
If a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: 
 
 
 
If a Buyer chooses not to be represented by an agent, the Buyer must be made aware that any information they share can be commun...

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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023. Updated
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 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 A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void In the business of rea...

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Texas Promulgated Contracts CHAMPIONS Exam 2022-2023.
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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 - CORRECT ANSWER B 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilateral 
 
(d) Void - CORRECT ANSWER A
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Texas Promulgated Contract Forms (Terms)

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Texas Promulgated Contracts-CHAMPIONS Exam, Answered
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Texas Promulgated Contracts-CHAMPIONS Exam, Answered-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 parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...

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Promulgated Contract Forms - Champions Exam with complete Solution 100%
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Promulgated Contract Forms - Champions Exam with complete Solution 100%,Promulgated Contract Forms - Champions Exam with complete Solution 100%,Promulgated Contract Forms - Champions Exam with complete Solution 100%

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TEXAS PROMULGATED CONTRACTS-CHAMPIONS EXAM
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Texas Promulgated Contracts-CHAMPIONS STUDY . 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 A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void In the business of real estate,...
Texas Promulgated Contracts-CHAMPIONS Exam .
Texas Promulgated Contracts-CHAMPIONS STUDY

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Texas Promulgated Contract Forms Exam, All Questions with Correct Answers |100%
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Texas Promulgated Contract Forms Exam, All Questions with Correct Answers |100% 
 
A competent party is one that is: 
 
a. At least 18 years of age 
b. Mentally competent 
c. Cannot be temporary incompetent 
d. All of the above ((Correct Ans:-d. All of the above 
 
The Texas Real Estate Commission regulates a licensee in which of the following situations? 
 
a. When the licensee is purchasing a house 
b. When the licensee is purchasing a commercial building 
c. When the licensee is selling a hou...

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