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[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...
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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...
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 ...
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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 ...
Which of the following is an example of a Bilateral contract? - ️️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? - ️️Broker. Between t...
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Add to cartWhich of the following is an example of a Bilateral contract? - ️️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? - ️️Broker. Between t...
A competent party is one that is: - ️️At least 18 years of age 
Mentally competent 
Cannot be temporary incompetent 
 
The Texas Real Estate Commission regulates a licensee in which of the following situations? - ️️When the licensee is selling a house for a client 
 
What is a legal agreemen...
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Add to cartA competent party is one that is: - ️️At least 18 years of age 
Mentally competent 
Cannot be temporary incompetent 
 
The Texas Real Estate Commission regulates a licensee in which of the following situations? - ️️When the licensee is selling a house for a client 
 
What is a legal agreemen...
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...
Preview 4 out of 48 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...
Consideration - ️️Anything given or promised by a party to induce another to enter into a contract is referred to as...? 
 
Competent parties 
Consideration 
Mutual agreement - ️️A valid and enforceable contract must include which of the following elements...? 
 
Must be in-writing - ️️J...
Preview 2 out of 11 pages
Add to cartConsideration - ️️Anything given or promised by a party to induce another to enter into a contract is referred to as...? 
 
Competent parties 
Consideration 
Mutual agreement - ️️A valid and enforceable contract must include which of the following elements...? 
 
Must be in-writing - ️️J...
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