Trec does not Study guides, Class notes & Summaries

Texas Promulgated Contracts-Champions Study Guide Exam With Complete Solution. 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 - Correct Answer-B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Execut...

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, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void - A In the business of real estate,...

"Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - Answer c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through it b. Place "N/A" (not applicable) so it is clear that the buyer/buyer's agent...

AYPO Real Estate Promulgated contracts actual exam questions and answers 2024 "Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these -Answer-c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through it ...

If there is a complaint against licensee, they must answer in how many days? 10 days If a customer sees a timeshare and buys it how long do they have to cancel the purchase? 10 days If the customer does not see the time share and buys it how long do they have to cancel the purchase? 15 days If customer cancels purchase how long does the developer have to refund all the monies? 30 days If a public offering statment is incomplete how long do you have to ammend it? ...

State Prep exam 2 questions and answers already passed If found guilty of performing an inspection without a license what will the results be? (a) Class A misdemeanor (b) Class B misdemeanor (c) Class C misdemeanor (d) Felony A, Class A misdemeanor Pete the inspector had two locations that were being inspected, how many apprentices can he have? (a) 1 (b) 2 (c) 3 (d) 4 A, 1 What does TREC not pay for out of the Recovery Fund? (a) Actual Damage (b) Punitive Damage (c) Att...

Texas Promulgated Contracts Exam Questions and Answers Latest Updated 2024 (Correct Answers) 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, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void...

Tennessee State Exam Practice Questions with Certified Solutions The terms of the _______ determine who receives the earnest money. contract Woody wanted to work for the new broker in town, so he filed the paperwork necessary to affiliate with a new broker. What will happen to his three listings and two buyer clients? They remain with Woody's original broker, unless the broker agrees to other arrangements in writing. Who's entitled to reimbursement from the Real Estate Education and Recovery...

Can a broker use the words "team" or "group" in the broker's licensed name or assumed business name? - Yes. TREC Rules do not prohibit a broker from using the word "team" or "group" anywhere in a broker's licensed or assumed business name. Can a name used in advertising be both an assumed business name and a team name? - No. It will be one or the other. See question regarding the difference between the types of names to figure out which one is appropriate for your situation. What...