Texas promulgated 2024 - Study guides, Revision notes & Summaries

Texas Promulgated Contracts-Champions Exam 2024 with Correct Answers

Texas Promulgated Contracts-CHAMPIONS STUDY 2024 with Correct Solutions 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 - Answer -B 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) ...

Champions Real Estate Exam Prep (Texas) | Q&A Latest 2024/2025 | 100% PASS In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - Answer -1949 TREC has only _______ promulgated lease forms. - Answer -2 In the TAR® Seller's Disclosure the seller should _______. a. prepare the disclosure when the listing is taken b. be the only one completing this form or any part of it c. none of the above d. both a and b - Answer -d. both a and b The ____...

TEXAS PROMULGATED CONTRACT FORMS FINAL EXAM 2023/2024 REAL EXAM LEAK GUARANTEED PASS

'1101' laws are associated with... o :# TRELA '535' laws are associated with... o :# TREC TRELA was established in... o :# 1939 TREC was established in... o :# 1949 The Real Estate Recovery Trust Account is used to... o :# Protect aggrieved individuals who suffer a monetary loss due to illegals acts of license holders. The maximum amount per transaction for Real Estate Recovery is... o :# $50,000 The maximum amount on behalf of any one license holder is... 2024/2025 2 | P a g ...

Texas Promulgated Contract form Practice exam Latest 2024 Questions & Answers | with 100% Correct Answers | Updated & Verified

RealEstateU- Texas Promulgated Contract Forms Final Exam 2024 Questions with 100% Correct Answers Verified Latest Update When earnest money is deposited with an escrow agent, the escrow agent ANS A)Is not responsible forthe performance of any signatory B) Has the right to securewritten release of all signatories C) Is not liable for interest on the money 2. How does the Texas Real Estate License Act define the first face-to-face meeting with required agency disclosure? ANS When a substantiv...

Law of Contracts - Champions School of Real Estate Correctly Solved 2024 TERLA - Answer -- Texas Real Estate License Act - Created in 1939 TREC - Answer -- Texas Real Estate Commission - Created in 1949 to administer/enforce TERLA Real Estate Center - Answer -- Located at Texas A&M University - Created in 1970 TREC-Promulgated Forms/Leases (Residential): - Answer -- One-to-Four Family Residential Contract (Resale) - New Home Contract (Completed Construction) - Residential Condo Contra...

Texas Promulgated Contract Forms & Addenda Final Exams | Q&A Latest 2024/2025 | 100% PASS 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 si...

TEXAS PROMULGATED CONTRACTS-CHAMPIONS EXAM 2024 |TEXAS PROMULGATED CONTRACTS EXAM QUESTIONS AND ANSWERS FOR 2024 Questions and answers for the texas promulgated contracts exam 2024. The questions cover various topics related to real estate contracts, including disclosures, timeframes, compensation, and lease agreements. The answers are provided for each question and are 100% correct.