Promulgated forms quiz - Study guides, Class notes & Summaries

The Real Estate License Act (TRELA) Exam 1 Quiz Questions Part 2 Already Passed Which of these IS NOT covered in The Real Estate License Act (TRELA) described above? 1. Requirements for establishing and maintaining a real estate business 2. Activities prohibited for licensees, disciplinary processes, and disciplinary actions 3. Structure and purpose of the Texas Real Estate Commission Which of these IS NOT a subchapter subject matter addressed by TRELA? The confidentiality of infor...

Consideration - ️️Anything given or promised by a party to induce another to enter into a contract is referred to as...? Competent parties Consideration Mutual agreement - ️️A valid and enforceable contract must include which of the following elements...? Must be in-writing - ️️John is about to enter into a contract with Amy, to purchase Amy's house. The real estate sales contract between John and Amy...? Executed contract - ️️A contract that has been fully performed ...

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Promulgated Contract Forms QUIZ ANSWERS questions and answers graded A+ by experts 2024/2025

Void Contract - ANSWER-Invalid from the beginning and voidable contract is one that can't be enforced against one or more parties (minors are voidable at the option of the minor). Example of Void Contract - ANSWER-A contract between two parties to commit an illegal act is a void contract. Elements of a Valid Contract - ANSWER-COLIC Competent Parties Offer and Acceptance (mutual consent) Legal Purpose In Writing (when required by law) Consideration Earnest Money - ANSWER-Not a requ...

Promulgated Contract Forms Quiz Questions & Answers 2023(A+GRADED 100%VERIFIED)

Texas Promulgated Contract Forms Quiz QUESTIONS AND ANSWERS Consideration

an owner is entitled to receive copies of any document that governs the establishment, or operation of a subdivision - True When the seller owns 75% of his minerals and reserves 50% of the minerals.... - 50% of 75% If the buyer decides to terminate the contract under any of his/her rights to terminate, the correct form to use for that purpose is the: - Notice of Buyers Termination of the Contract The protected classes under the Federal Fair Housing Act are - Race, color, rel...

Texas Promulgated Contract Forms: Ch. 2 Quiz questions and answers graded A+ by experts 2024/2025