Champions Promulgated Contract EXAM PACKAGE DEAL (BUNDLE) WITH COMPLETE SOLUTIONS

Final Exam Study - Promulgated Forms (Law of Contracts II) Questions & Answers 100% Accurate! 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 ini...

Promulgated Contract Forms (Exam Review) Questions and Answers (Scored A+) TREC contract forms and their uses - ANSWER-- Sales Contracts: 1) One-to-Four Family Contract (Resale) 2) New Home Contract (Incomplete Construction) 3) New Home Contract (Completed Construction) 4) Unimproved Property C...

Promulgated Contract Form Practice Exam 2024 Questions & Answers (Rated A+) An agent would use the same contract for new construction no matter if it was completed or incomplete. If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False - ANSWER-B...

Law of Contracts - Champions School of Real Estate Exam Questions & Answers 100% Accurate! TERLA - ANSWER-- Texas Real Estate License Act - Created in 1939 TREC - ANSWER-- Texas Real Estate Commission - Created in 1949 to administer/enforce TERLA Real Estate Center - ANSWER-- Located ...

Law of Contracts - CHAMPIONS TEST 2024 Questions and Answers 100% Accurate (Rated A+)Wrongful or criminal deception intended to result in financial or personal gain is called: - ANSWER-fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - ANS...

Law of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE The TREC residential contract forms are: - ANWER-Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: - ANWER-fraud Under the Deceptive Trade Practices Act, ______...

Champions School of Real Estate: Law of Contracts|208 Questions & Answers 100% Correct!.Texas Real Estate Commission - ANSWER-Created by the legislature in 1949 to carry out the provisions of TRELA Unauthorized Practice of Law - ANSWER-When license holders add provisions to contracts that go beyo...

Texas Promulgated Contracts-CHAMPIONS STUDY QUESTIONS & ANSWERS 100% Correct!.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 - ANSWER-B A...

Promulgated Contract Forms (Champions) Exam Ques mutual consent - ANSWER-a "meeting of the minds" unilateral contract - ANSWER-a contract in which only one party is obligated to perform unenforceable contract - ANSWER-a contract that cannot be enforced due to some flaw or other issue in the...

Champions Promulgated Forms|112 Questions & Ansmutual consent - ANSWER-meeting of the minds consideration - ANSWER-something given in exchange for a promise option - ANSWER-an agreement between a buyer and seller giving the buyer the right to purchase a property at a present price for a given ...

Champions Promulgated Contract Forms Test 2024 Questions & Answers (Scored A+) One to Four Family Residential Contract (Resale) - ANSWER-The promulgated contract used by real estate licensees for the sale of residential property. It's used when purchasing residential real estate, but variations of...

Champions - Promulgated Contract Forms|255 Questions & Answers 100% Verified!. Mutual Consent - ANSWER-Often referred to as a "meeting of the minds." Five Elements Of A Valid and Enforceable Contract - ANSWER-COLIC 1. Competent parties 2. Offer and acceptance (mutual consent) 3. Legal pur...

Champions School Of Real Estate Promulgated Forms Exam Questions & Answers 100% Verified!!. What contract form would you use if you're an agent selling a townhome - ANSWER-1-4 family What type of transaction are TRECS contract promulgated forms used for - ANSWER-Residential Who are buyers s...

Promulgated Contract Forms (Champions) Exam Questions & Answers 100% Corrrect!mutual consent - ANSWER-a "meeting of the minds" unilateral contract - ANSWER-a contract in which only one party is obligated to perform unenforceable contract - ANSWER-a contract that cannot be enforced due to som...

mutual consent - ANSWER-meeting of the minds consideration - ANSWER-something given in exchange for a promise option - ANSWER-an agreement between a buyer and seller giving the buyer the right to purchase a property at a present price for a given period of time void contract - ANSWER-invali...

Champions Promulgated Forms| 157 Questions & Answers 100% Correct!. Loan Assumption - ANSWER-When a new buyer takes over the seller's existing mortgage loan. legal description - ANSWER-A written description of a parcel of land which locates it precisely and will hold up in court. (Does not in...

Promulgated Forms - Champions School Exam Questions & Answers 100% Correct!. Competent Parties Offer and acceptance ( mutual consent) Legal Purpose In writing (when required by law) Consideration - ANSWER-Elements of a contract to be valid contract binding parties with one or more duties - A...

Promulgated Contract Forms- Champions Questions & Answers 100% Accurate!!. VALID/VOID/UNENFORCEABLE/VOIDABLE CONTRACTS - ANSWER-a void contract is invalid from the beginning, and doesnt affect the parties. a contract to perform an illegal act is a void contract. a voidable contract cannot be en...

Promulgated Forms - Champions 2024 Questions & Answers 100% Accurate!! Void Contract -ANSWER-Invalid from the beginning and voidable contract is one that can't be enforced against one or more parties (minors are voidable at the option of the minor). Example of Void Contract -ANSWER-A contract b...