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Promulgated Contract Forms exam 2023/2024 with 100% correct answers

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Federal Fair housing laws forbids discriminatory practices by parties including: correct answersOwners 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 correct answersfalse What is the status of a contract if the seller does not make the buyer aware of a property being located in a municipal utility district? correct answersVoidable by the buyer the Residential Condominium Contract allows a limit to the amount a Buyer will pay for Association transfer fee correct answersTrue If a property was built before 1978, what specific amendment is required correct answersDisclosure of Lead-base pain addendum If there is an existing survey on the property, what does the seller take to the title company and the lender correct answersThe existing survey and the notarized affidavit stating if there have been any changes in the survey since the time the existing survey was completed. Intermediary requires: correct answers-Disclosure of who represents whom in a transaction -Written agreement by both seller and buyer -involvement of only one company ALL OF THE ABOVE

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Uploaded on
December 27, 2023
Number of pages
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Written in
2023/2024
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