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Broker Lawyer Committee - Answer-13 members 6 brokers - appointed by commission 6 lawyers 1 public member Draft and revise contract forms The answer is drafts and edits forms. The Broker-Lawyer Committee drafts and edits forms, whereas TREC approves and promulgates forms. What does the buyer need to provide the seller in paragraph 7D(2) of the One to Four Family Residential Contract? A) Residential service contract name B) Buyer's requested repairs C) Title insurance address D) ...

When a contract contains all of the essential elements that make it legally sufficient or enforceable and is binding in a court of law, it is - Answer-The answer is valid. A valid contract meets all of the required essential elements (i.e., offer and acceptance, consideration, legal purpose, consent, and legal capacity). A valid legal contract must have - Answer-legally competent parties. The parties must be of legal age and have enough mental capacity to understand the nature or consequences...

Which of these promulgated forms does NOT include "time is of the essence"? - Answer- Loan Assumption Addendum A couple starts celebrating the sale of their home after their listing agent calls them with the news that they've received an acceptable offer. The listing agent says he is coming over to get their acceptance and signatures. However, by the time the agent arrives the sellers are completely inebriated. The agent has them sign the contract and then takes it to the title company. Th...

Broker Lawyer Committee member brake down - Answer-13 members, 6 lawyers by president of state bar of texas, 6 brokers by TREC, 1 public member appointed by governor The Broker-Lawyer Committee -------contact forms intended for use by licensees. - - Answer-draft and revised TREC --------forms drafted by the Broker-Lawyer Committee. - Answer-promulgates or approves Promulgate vs approve - Answer-meaning in TREC: Promulgate = mandatory to use (we bring it to the table the consumer may cho...

The six elements of a valid real estate contract: - Answer-Competent parties Consideration Mutual agreement (mutual assent) Lawful objective In writing and signed by the parties Contain a legal description Equitable Owner - Answer-Buyer has equitable title and is known as the owner in equity or equitable owner Voidable Contrasts can include: - Answer-- Minor - Seller Disclosure - Fraud - Association Documents - MUD Bilateral Contract - Answer-A promise in exchange for a promise...

unilateral contract involves - Answer promise in exchange for an act. Executory contract - Answer1) an enforceable contract that is in the process of being fulfilled; 2) in Texas, a contract-for-deed, lease-purchase, or lease-option; 3) a contract involving the sale of a residence that will take place more than 180 days after the execution of the contract. A fully executed contract is one in which all parties have fulfilled all promises made in the agreement; closing and funding oc...

Exam (elaborations) Gould's Pathophysiology Exam Chapter 1- 100 % Verified Answers Exam (elaborations) Human Pathophysiology Exam- Questions & Answers Exam (elaborations) NURS 611 Advanced Pathophysiology Exam 1 with Correct Answers Exam (elaborations) Nursing 324, Pathophysiology Exam 2 WKU with 100 % Correct Answers Exam (elaborations) N

Pathology - Answer-A branch of medicine that deals with the structural and functional changes in tissues and organs of the body that cause or are caused by disease. Pathophysiology - Answer-A specific branch of pathology that studies functional or physiologic changes in the body that results from disease processes. Anaerobic - Answer-Metabolism and function without oxygen Apoptosis - Answer-Normal programmed cell death in tissues Autopsy - Answer-An examination of part or all of a bo...

Intracellular fluids - Answer-With the cells. 2/3-3/4 of all body fluids Extracellular Fluids - Answer-All fluids outside of the cells Interstitial fluid - Answer-Tissue Fluids, fluids between cells in tissues homeostatis - Answer-maintenance of relatively stable internal environment regardless of external changes. Blood pressure, body temperature, and fluid balances diagnosis - Answer-identification of a specific disease through signs and symptoms, lab tests and other tools etio...

The myocardial oxygen supply has fallen below demand. - Answer-A 53-year-old male presents with recurrent chest pain on exertion. He is diagnosed with angina pectoris. The pain he experiences occurs when Moderate - Answer-A patient arrives in the ER following a Traumatic Brain Injury (TBI) with a Glasgow Coma Score of 10. His TBI is classified as Angiogenesis - Answer-The process of growing new blood vessels, that is stimulated by hypoxia and vascular endothelial growth factor, is Refer...