Promulgated form - Study guides, Class notes & Summaries

(foreign seller) who does the money get delivered to - The IRS (lead based paint question) how many days do they have to back out - 14 days According to the language in the contract, who is supposed to fill in the date of execution/ the effective date - The broker Am i allowed to write a will for someone? Can i advise people about title issues? Can i add complex provisions into the contract language? If i do any of those things. Im engaging in what? - no; the unlawful practice of law Are ...

Final Exam Study - Promulgated Forms (Law of Contracts II) Questions & Answers 100% Accurate! 1. The effective date- who, what, and when? - ANSWER-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? - ANSWER-Breach of a contract, one-pa...

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 - 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 - legally competent parties. The parties must be of legal age and have enough mental capacity to understand the nature or consequences of their act...

Promulgated Forms - Champions 2024 Practice Quiz with Complete SolutionsPromulgated Forms - Champions 2024 Practice Quiz with Complete SolutionsPromulgated Forms - Champions 2024 Practice Quiz with Complete SolutionsPromulgated Forms - Champions 2024 Practice Quiz with Complete Solutions 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 -...

Promulgated Forms Latest Update Graded A The title company decides the amount of earnest money required in a real estate contract. The statement is FALSE. The buyer and the seller agree to the amount of earnest money in a contract. If a contract does NOT meet the six elements of a valid real estate contract, it may become unenforceable. The statement is FALSE. Agreements that do not meet the requirements are void. Using an out-of-date version of a TREC form could be considered the unauthorize...

Promulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% Accurate 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 ...

Promulgated Forms – Champions (Champions School of Real Estate) with Complete Solutions(Rated A+).Mutual Consent - ANSWER-"meeting of the minds" unilateral contract - ANSWER-A contract in which only one party is obligated to perform consideration - ANSWER-Something given in exchange for a promise option - 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 unenforceable contract - ANSWER-A c...

TX-Brokerage (SAE) Questions with correct Answers 2024 The _____ is required to ascertain that Brokers are aware of all of their responsibilities. Texas Real Estate Commission The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. Broker Responsibility MCE Who Must Ta...

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