Law of contracts exams Bundle |Questions Solved 100% Correct

All of the following acts on the part of a real estate broker would constitute steering and thus be prohibited under the Fair Housing Act EXCEPT: A) directing a prospective buyer of one minority group to work only with a salesperson of the same minority group and to look at areas dominated by tha...

When a party to a contract fails to perform under the contract, that party is in... - Default Failure to perform is also commonly referred to as... - Breach of contract Default remedies: (2 types) - -Buyer default: In the event of default by the buyer, the seller may have several options -Seller...

Which of the following is a requirement for a Texas real estate agent license? - Show competency by passing the license exam An active sale agent license may only be issued under.... - The sponsorship of a licensed broker A license holder must NOT prepare which of the following documents? - A li...

This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRE...

A sale and leaseback agreement is: - a way for landowners to free up capital while maintaining the same overhead expenses With net leases, each added "net" requires a tenant to pay for an additional expense that may have otherwise fallen on the landlord. All of the following are expenses that c...

Following are not included in the description of land? - A sewer system A man owns 200 acres of prime hunting land. He has had a problem in the past with people using the land without his permission. He decides to post a no trespassing sign to prevent this in the future. The man is exercising his...

Default of Contract and Types of Damages - 1. Buyer Default - Liquidated Damages - Monetary Damages - Specific Performance 2. Seller Default - Specific Performance - Monetary Damages - Refund of Earnest Money Leases and "Right of First Refusal" - - Buyer's Temporary Residential Lease: fo...