Promulgated form - Study guides, Class notes & Summaries

Champions Promulgated Forms| 157 Questions & Answers 100% Correct!. Loan Assumption - ANSWER-When a new buyer takes over the seller's existing mortgage loan. legal description - ANSWER-A written description of a parcel of land which locates it precisely and will hold up in court. (Does not include address.) third party financing - ANSWER-financing that involves someone other than the seller of the property; may be conventional or government backed When inserting provisions into a co...

RE - Texas Promulgated Forms 2024 Questions with Accurate Answers Which of these promulgated forms does NOT include "Time is of the essence"? 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...

Champions School Of Real Estate Promulgated Forms Exam Questions and Answers 100% Verified Champions School Of Real Estate Promulgated Forms Exam Questions and Answers 100% Verified Champions School Of Real Estate Promulgated Forms Exam Questions and Answers 100% Verified What contract form would you use if you're an agent selling a townhome - ANSWER-1-4 family What type of transaction are TRECS contract promulgated forms used for - ANSWER-Residential Who are buyers supposed to hire for...

Promulgated Forms - Champions School Exam Questions and Answers 100% Correct Promulgated Forms - Champions School Exam Questions and Answers 100% Correct Promulgated Forms - Champions School Exam Questions and Answers 100% Correct Competent Parties Offer and acceptance ( mutual consent) Legal Purpose In writing (when required by law) Consideration - ANSWER-Elements of a contract to be valid contract binding parties with one or more duties - ANSWER-executory contract both parti...

Promulgated Contract form Practice exam(2023)Questions And Answers.

Final Exam Study - Promulgated Forms (Law of Contracts II) Questions and Answers 100% CorrectFinal Exam Study - Promulgated Forms (Law of Contracts II) Questions and Answers 100% CorrectFinal Exam Study - Promulgated Forms (Law of Contracts II) Questions and Answers 100% CorrectFinal Exam Study - Promulgated Forms (Law of Contracts II) Questions and Answers 100% Correct 1. The effective date- who, what, and when? - ANSWER-Between the buyer and the seller, The date on which the communication was...

PROMULGATED FORMS – CHAMPIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Mutual Consent Correct Answer: "meeting of the minds" unilateral contract Correct Answer: A contract in which only one party is obligated to perform consideration Correct Answer: Something given in exchange for a promise option Correct Answer: an agreement between a buyer and seller giving the buyer the right to purchase a property at a preset price for a given period of time unen...

Loan Assumption - ANSWER-When a new buyer takes over the seller's existing mortgage loan. legal description - ANSWER-A written description of a parcel of land which locates it precisely and will hold up in court. (Does not include address.) third party financing - ANSWER-financing that involves someone other than the seller of the property; may be conventional or government backed When inserting provisions into a contract, the license holder should only use factual statements and busin...

Texas Promulgated Forms Contract Law Overview Questions and Answers In Texas, the statute of limitations for an oral contract for a lease of less than one year is

1. The effective date- who, what, and when? - ️️Between the buyer and the seller, The date on which the communication was made. The date of initialing and signing of the parties. The last party to initial/Sign fills in the day. 2. What is the legal proceedings brought by party to a contract against another party to compel action call forth in the agreement? - ️️Breach of a contract, one-party defaults, sues for specific performance, seek other relief - arbitration, mediation, injuncti...