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Texas Promulgated Contract Bundled Exams with complete solution | everything you need
Texas Promulgated Contract Bundled Exams with complete solution | everything you need
[Show more]Texas Promulgated Contract Bundled Exams with complete solution | everything you need
[Show more]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 ...
Preview 4 out of 38 pages
Add to cartThe 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 ...
The TREC PROMULGATED CONTRACT FORMS - ARE DRAFTED BY THE BROKER-LAWYER COMMITTEE 
IN A LEASE WITH A RIGHT OF FIRST REFUSAL PROVISION - THE TENANT HAS THE RIGHT TO MATCH 
OR BETTER ANY OFFER THE LANDLORD RECEIVES TO PREVENT THE PROPERTY FROM BEING SOLD 
TREC promulgated contract forms provide for - t...
Preview 2 out of 6 pages
Add to cartThe TREC PROMULGATED CONTRACT FORMS - ARE DRAFTED BY THE BROKER-LAWYER COMMITTEE 
IN A LEASE WITH A RIGHT OF FIRST REFUSAL PROVISION - THE TENANT HAS THE RIGHT TO MATCH 
OR BETTER ANY OFFER THE LANDLORD RECEIVES TO PREVENT THE PROPERTY FROM BEING SOLD 
TREC promulgated contract forms provide for - t...
If a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: 
A) Paragraph #11 (Special Provisions) 
B) Paragraph #12 - Seller participation in the Buyer's costs 
C) Third Part financing Addendum 
D) All of the above - B) Paragraph #12- Seller partic...
Preview 2 out of 15 pages
Add to cartIf a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: 
A) Paragraph #11 (Special Provisions) 
B) Paragraph #12 - Seller participation in the Buyer's costs 
C) Third Part financing Addendum 
D) All of the above - B) Paragraph #12- Seller partic...
When earnest money is deposited with an escrow agent, the escrow agent: - A) Is not responsible for 
the performance of any signatory B) Has the right to secure written release of all signatories C) Is not 
liable for interest on the money 
How does the Texas Real Estate License Act define the first...
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Add to cartWhen earnest money is deposited with an escrow agent, the escrow agent: - A) Is not responsible for 
the performance of any signatory B) Has the right to secure written release of all signatories C) Is not 
liable for interest on the money 
How does the Texas Real Estate License Act define the first...
An agreement between a buyer and seller giving the buyer the right to purchase a property at a preset 
price for a given period of time. 
a. Mutual consent 
b. Unilateral contract 
c. Consideration 
d. Option 
e. Unenforceable contract - D 
A "meeting of the minds" 
a. Mutual consent 
b. Unilatera...
Preview 4 out of 43 pages
Add to cartAn agreement between a buyer and seller giving the buyer the right to purchase a property at a preset 
price for a given period of time. 
a. Mutual consent 
b. Unilateral contract 
c. Consideration 
d. Option 
e. Unenforceable contract - D 
A "meeting of the minds" 
a. Mutual consent 
b. Unilatera...
Performance - The execution of a contract by which the contracting parties are automatically 
discharged of their obligations under it is known as...? 
Consideration 
Novation 
Performance 
Void 
All of the above - Which of the following is an example of consideration...? 
Money 
Personal services 
...
Preview 2 out of 9 pages
Add to cartPerformance - The execution of a contract by which the contracting parties are automatically 
discharged of their obligations under it is known as...? 
Consideration 
Novation 
Performance 
Void 
All of the above - Which of the following is an example of consideration...? 
Money 
Personal services 
...
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