Law of Contracts - Champions School of Real Estate Questions and Correct Answers | Latest Update
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Course
Law of Contracts
Institution
Law Of Contracts
TERLA
- Texas Real Estate License Act
- Created in 1939
TREC
- Texas Real Estate Commission
- Created in 1949 to administer/enforce TERLA
Real Estate Center
- Located at Texas A&M University
- Created in 1970
TREC-Promulgated Forms/Leases (Residential):
~ 1 ~ for inquiry mail ...
Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Law of Contracts - Champions School of
Real Estate Questions and Correct Answers
| Latest Update
TERLA
- Texas Real Estate License Act
- Created in 1939
TREC
- Texas Real Estate Commission
- Created in 1949 to administer/enforce TERLA
Real Estate Center
- Located at Texas A&M University
- Created in 1970
TREC-Promulgated Forms/Leases (Residential):
~ 1 ~ for inquiry mail me @ supergrades12@gmail.com
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
- One-to-Four Family Residential Contract (Resale)
- New Home Contract (Completed Construction)
- Residential Condo Contract (Resale)
- New Home Contract (Incomplete Construction)
- Unimproved Property Contract
- Farm and Ranch
(Note: TREC has promulgated contract addenda and other forms, listed on Thepage 18)
Four categories of unlawful trade practices are:
1 - Misleading or deceptive conduct employed by any person that was
relied upon by the consumer to the consumer's detriment
2 - Breach of express or implied warranties
~ 1 ~ for inquiry mail me @ supergrades12@gmail.com
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
3 - Violation of the Texas Insurance Code (Chpt 51)
4 - An unconscionable action or course of action by any person
Physical Characteristics of Land
- Indestructibility: cannot be destroyed
- Immobility: cannot be moved
- Non-homogeneity: no two parcels are the same
Economic Characteristics of Land
- Scarcity: supply and demand
- Modification: value is affected by man made changes
- Fixity: additions take long periods of time to pay
- Situs: location, location, location
~ 1 ~ for inquiry mail me @ supergrades12@gmail.com
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