objective, and adherence to the statute of frauds are:: the five components
of a valid contract
11.The National Association of Realtor's ethical guidelines are known as:: -
First adopted in 1913, the National Association of Realtor's ethical
standard is laid out in the Code of Ethics.
12.How many TREC promulgated contract forms are there?: The six TREC
promulgated contract forms are: One to Four Family Residential
Contract (Resale), Unimproved Property Contract, New Home Contract
(Incomplete Construction), New Home Contract (Completed
Construction), Farm and Ranch Contract, and Residential Condominium
Contract (Resale).
2/
26
, 13.Which land description is used for elevated areas such as in a condo?: -
Vertical land description
14.Texas homestead laws would protect a primary residence from
being seized and used as collateral by:: Credit card companies
15.Can the original offer be reconsidered and accepted by a party after
they have already extended a counteroffer?: No. A counteroffer is a
rejection of the original offer, therefore, the original offer can no longer
be accepted.
16.A detailed description that uniquely identifies the property in such a
way that a surveyor would be able to locate it is called a(n):: legal
description
17.Surface, subsurface, and air rights are all parts of:: land
18.Which real estate body is made up of 9 members and which is made up
of 13 members?: The Texas Real Estate Commission is comprised of 9
members and the Broker Lawyer Committee is comprised of 13
3/
26
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TIPSCORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R222,58. You're not tied to anything after your purchase.
