Addenda - Study guides, Class notes & Summaries

Which of the following is an example of a Bilateral contract? - Answer- A Promise in exchange for a promise - Purchase Contract. Unilateral Contracts - Listing Agreement, Buyer's Rep, Option Contract Who is responsible for filling in the effective date, who, when & what? - Answer- Broker. 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. Broker. Last party to acc...

Texas Promulgated Contract Forms & Addenda Final Exams Verified 100% Correct!! Which of the following is an example of a Bilateral contract? A Promise in exchange for a promise - Purchase Contract. Unilateral Contracts - Listing Agreement, Buyer's Rep, Option Contract Who is responsible for filling in the effective date, who, when & what? Broker. 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 par...

PCF - Chapter 7 - Promulgated addenda, notices and other forms

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 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 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) Bilatera...

Which of the following is an example of a Bilateral contract? A Promise in exchange for a promise - Purchase Contract. Unilateral Contracts - Listing Agreement, Buyer's Rep, Option Contract Who is responsible for filling in the effective date, who, when & what? Broker. 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. Broker. Last party to accept must commu...

Texas Promulgated Contract Forms & Addenda Final Exams Questions & Answers 2023(A+GRADED 100%VERIFIED)

Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...

Texas Promulgated Contract Forms & Addenda Final Exams With 100% Correct Answers 2023

Texas Promulgated Contract Forms & Addenda Final Exams Verified 100% Correct!! Which of the following is an example of a Bilateral contract? A Promise in exchange for a promise - Purchase Contract. Unilateral Contracts - Listing Agreement, Buyer's Rep, Option Contract Who is responsible for filling in the effective date, who, when & what? Broker. 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 par...

Texas Promulgated Contract Forms & Addenda Final Exams (Solved) 100% correct Which of the following is an example of a Bilateral contract? {{Correct Ans- A Promise in exchange for a promise - Purchase Contract. Unilateral Contracts - Listing Agreement, Buyer's Rep, Option Contract Who is responsible for filling in the effective date, who, when & what? {{Correct Ans- Broker. Between the buyer and the seller, The date on which the communication was made. The date of initialing and signin...