Empower your understanding of real estate transactions with our comprehensive Promulgated Contract Forms Q&A Exam Bundle. Tailored specifically for aspiring real estate professionals, this bundle offers a curated collection of questions and answers meticulously designed to cover the intricacies of ...
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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 thir...
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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 provide for thir...
Federal Fair housing laws forbids discriminatory practices by parties including: Owners of property Lenders Real Estate Brokers all of the above Use of the TREC promulgated One to Four Family Residential Contract (resale)is allowed on the sale of a residential condominium false What is the ...
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Add to cartFederal Fair housing laws forbids discriminatory practices by parties including: Owners of property Lenders Real Estate Brokers all of the above Use of the TREC promulgated One to Four Family Residential Contract (resale)is allowed on the sale of a residential condominium false What is the ...
When would it be appropriate to use the New Home Contract (Incomplete Construction)? for a client buying a new home that is being built A buyer needs more option period time. They have asked the seller, who agreed, and signed TREC's Amendment to Contract. What else must they do to make the extens...
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Add to cartWhen would it be appropriate to use the New Home Contract (Incomplete Construction)? for a client buying a new home that is being built A buyer needs more option period time. They have asked the seller, who agreed, and signed TREC's Amendment to Contract. What else must they do to make the extens...
If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False B) False If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False B) False Which of the following, with written, consent, may act a...
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Add to cartIf a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False B) False If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False B) False Which of the following, with written, consent, may act a...
A "meeting of the minds" mutual consent A contract in which only one party is obligated to perform unilateral contract Transfers all of the rights related to the contract to another party known as an assignee asignment A contract that is binding on the parties, with one or more of the par...
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Add to cartA "meeting of the minds" mutual consent A contract in which only one party is obligated to perform unilateral contract Transfers all of the rights related to the contract to another party known as an assignee asignment A contract that is binding on the parties, with one or more of the par...
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...
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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 parties...
The lender holding the note on a property must approve a short sale or the contract will be a) terminated. b) amended to the amount owed. c) transferred to another lender. d) counteroffered. terminated. If a payment is made 10 or more days after the due date, what late fees are charged under ...
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Add to cartThe lender holding the note on a property must approve a short sale or the contract will be a) terminated. b) amended to the amount owed. c) transferred to another lender. d) counteroffered. terminated. If a payment is made 10 or more days after the due date, what late fees are charged under ...
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 f...
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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 f...
Contract: A legally binding and enforceable agreement to do or not to do a specific thing Promulgated Contract: A contract that has been approved and is required to be used by license holders In Texas, what are the two entities that promulgate contracts? TREC and TAR In a real estate sale, ...
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Add to cartContract: A legally binding and enforceable agreement to do or not to do a specific thing Promulgated Contract: A contract that has been approved and is required to be used by license holders In Texas, what are the two entities that promulgate contracts? TREC and TAR In a real estate sale, ...
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