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CHAMPIONS REAL ESTATE LAW OF CONTRACTS EXAM WITH QUESTIONS AND ANSWERS. $13.49
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CHAMPIONS REAL ESTATE LAW OF CONTRACTS EXAM WITH QUESTIONS AND ANSWERS.
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  • Law Of Contracts

CHAMPIONS REAL ESTATE LAW OF CONTRACTS EXAM WITH QUESTIONS AND ANSWERS.CHAMPIONS REAL ESTATE LAW OF CONTACTS EXAM WITH QUESTIONS AND ANSWERS.

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  • January 17, 2025
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • champions real estate law of contacts exam with qu

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  • Law of contracts
  • Law of contracts

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CHAMPIONS REAL ESTATE LAW OF
CONTACTS EXAM WITH QUESTIONS
AND ANSWERS




Substitution nof na nnew ncontract nfor nan nexisting ncontract nis: n- n ncorrect nanswer-
nNovation


nWhich nof nthe nfollowing ndescribes njudicial nforeclosure? n- n ncorrect nanswer- nThe
nproperty nis nsold nby ncourt norder nafter nthe nmortgagee nhas ngiven nsufficient npublic
nnotice


nWhich nitem ndoes na nlender ngenerally nrequire nat nthe nclosing? n- n ncorrect nanswer-
nTitle ninsurance ncommitment


nHow nmany nand nwhat nparties nare ninvolved nin na ndeed nof ntrust? n- n ncorrect
nanswer- nThree—the ntrustee, nthe ntrustor, nand nthe nbeneficiary


nThe nsales ncontract nsays nthe nbuyer nwill npurchase nonly nif nthe nbuyer's ncurrent
nhome ncloses nwithin nthe nnext n30 ndays. nThis nis ncalled na n- n ncorrect nanswer-
ncontingency


nA nlease nwill nbe nvalid nif nit nis nbetween na nlandlord nand nwhich nof nthe nfollowing
nindividuals? n- n ncorrect nanswer- nA n44-year-old nwoman nwho nuses na nwheelchair nto
nget naround


nWhat nis nthe nmakeup nof nthe nTexas nBroker-Lawyer nCommittee? n- n ncorrect
nanswer- nSix nbrokers, nsix nlawyers, nand none npublic nmember

, nUnlike na nsales ncontract, na nlisting nagreement nis n- n ncorrect nanswer- nan
nemployment ncontract.


nAll nof nthe nfollowing nare nTREC-promulgated naddenda nEXCEPT n- n ncorrect nanswer-
nInformation nAbout nBrokerage nServices.


nIf, nafter nthe nsales ncontract nis nsigned, nthe nseller ndecides nnot nto nsell, nthe n- n
ncorrect nanswer- nbuyer nmay ninstitute na nsuit nfor nspecific nperformance nof nthe
ncontract nand/or nfor nmoney ndamages.


nCommon nareas nof nconcern nin nsales ncontract ninclude nall nof nthe nfollowing
nEXCEPT n- n ncorrect nanswer- ndisposition nof nreal nand npersonal nproperty.


nWhich nmethod nfor nproviding nlegal ndescriptions nuses nnorth-south nand neast-west
nlines nto ndescribe nthe nlocation nof nthe nproperty? n- n ncorrect nanswer- nRectangular
ngovernment nsurvey nsystem


nMaking na ncounteroffer n- n ncorrect nanswer- nterminates nthe noriginal noffer.


nDuring nthe noption nperiod, na nbuyer nmay nterminate nthe ncontract nfor n- n ncorrect
nanswer- nany nreason.


nPromulgated nforms nare n- n ncorrect nanswer- ncreated nby nthe nBroker-Lawyer
nCommittee nand nthen npublished nby nTREC nfor nmandatory nuse nby nlicense nholders.


nWhich nof nthe nfollowing nliens nare nvoluntary? n- n ncorrect nanswer- nMortgage nliens


nTREC nforms nmay nbe nreproduced nin nany nof nthe nfollowing nways nEXCEPT n- n
ncorrect nanswer- ncopied ninto nword nprocessing nsoftware.


nThe nbuyer nand nthe nseller nhave nagreed nthat nthe nseller nwill nremove na nhuge
nbirdbath nin nthe nbackyard nbefore nthe nbuyer ntakes npossession nof nthe nproperty.
nThis nagreement nshould nbe n- n ncorrect nanswer- naddressed nin nthe nsales ncontract.


nThe nmarital nstatus nof nthe nparties nto nthe ntransaction nmust nbe nlisted nin nthis
ncontract nbecause nTexas nis na n- n ncorrect nanswer- ncommunity nproperty nstate.


nA nvoidable ncontract n- n ncorrect nanswer- nmay nbe ndisaffirmed nby none nparty


nWhich nof nthe nfollowing nis nNOT nan nexample nof nan naction nthat nmight nlead nto
ninvoluntary nalienation? n- n ncorrect nanswer- nleasehold nestates nare nestates nof
npossession.


nCompensation nfor nfinancial nloss nof nthe nnon-defaulting nparty nis ncalled n- n ncorrect
nanswer- nliquidated ndamages.

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