Broker lawyer committee Study guides, Class notes & Summaries
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![Texas Promulgated Contracts-CHAMPIONS STUDY WITH CORRECT SOLUTIONS](/docpics/4295058/65ae28c29ec6d_4295058_121_171.jpeg)
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Texas Promulgated Contracts-CHAMPIONS STUDY WITH CORRECT SOLUTIONS
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Texas Promulgated Contracts-CHAMPIONS 
STUDY 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 - answerB 
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) Bilater...
![principal of real estate 1 final exam with 100% correct answer](/docpics/3370000/64f60ac4830d2_3370000_121_171.jpeg)
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principal of real estate 1 final exam with 100% correct answer
- Exam (elaborations) • 17 pages • 2023 Popular
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One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): 
 
A) attorney-in-fact 
B) broker with a listing 
C) special agent 
D) attorney-at-law 
attorney-in-fact 
 
 
 
No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: 
 
A) township 
B) section 
C) scarcity 
D) nonhomogeneity 
nonhomogeneity 
 
 
 
The five essential elements that make a contract valid are: comp...
![Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.](/docpics/63ed3732877f0_2374787.jpg)
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
- Exam (elaborations) • 25 pages • 2023
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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...
![Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers](/docpics/2959549/6497a908eeb40_2959549_121_171.jpeg)
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers
- Exam (elaborations) • 13 pages • 2023
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & AnswersWho is responsible for the acts of a salesperson? - ANSWER - The sponsoring broker 
 
Failure on the part of the agent to advise the purchaser of real property in writing that he should have the abstract covering the property examined by an attorney of his own selection, o...
![Texas Promulgated Contracts-CHAMPIONS Exam, Answered](/docpics/64042d5314471_2436625.jpg)
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Texas Promulgated Contracts-CHAMPIONS Exam, Answered
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Texas Promulgated Contracts-CHAMPIONS Exam, Answered-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 - 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) Bilatera...
![Texas Promulgated Contracts-CHAMPIONS STUDY Exam 2022-2023 100% verified; GUARANTEED A+](/docpics/640ae5e39e41f_2456230.jpg)
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Texas Promulgated Contracts-CHAMPIONS STUDY Exam 2022-2023 100% verified; GUARANTEED A+
- Exam (elaborations) • 24 pages • 2023
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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 correct answers 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) Bilateral 
 
(d) Void correct answers A 
 
In ...
![TEXAS PROMULGATED CONTRACTS QUESTIONS WITH CORRECT ANSWERS](/docpics/63cc09e80d3df_2282765.jpg)
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TEXAS PROMULGATED CONTRACTS QUESTIONS WITH CORRECT ANSWERS
- Exam (elaborations) • 25 pages • 2023
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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 CORRECT 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) Bilateral 
 
(d) Void CORRECT ANSWER A 
 
In th...
![TREC Promulgated Contract Forms #351 Final Exam 2023](/docpics/2860369/647f0d4d270cd_2860369_121_171.jpeg)
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TREC Promulgated Contract Forms #351 Final Exam 2023
- Exam (elaborations) • 13 pages • 2023
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In the State of Texas who is allowed to use a customized real estate contract? 
The real estate brokerage company 
The salesperson 
The broker 
Lawyers licensed to practice in Texas - Answer- Lawyers licensed to practice in Texas 
 
Marcy is 17 and married. Her spouse is stationed in the Middle East. She purchased a home shortly before Stan, her husband returns to the United States. Select a problem that exists with this situation. 
Offer and acceptance issue 
Competency issue 
Consideration iss...
![Texas Real Estate Exam STATE portion Questions And Answers.](/docpics/2884985/6486656c3ab6c_2884985_121_171.jpeg)
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Texas Real Estate Exam STATE portion Questions And Answers.
- Exam (elaborations) • 9 pages • 2023
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Texas Real Estate Exam STATE portion Questions And Answers.
![Law of Contracts - Champions Test: Questions & Answers: Guaranteed A+ Score Guide](/docpics/4908597/660d62d9b60ae_4908597_121_171.jpeg)
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Law of Contracts - Champions Test: Questions & Answers: Guaranteed A+ Score Guide
- Exam (elaborations) • 27 pages • 2024
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The TREC residential contract forms are: 
 (Ans- Drafted by the Broker Lawyer Committee 
 
Wrongful or criminal deception intended to result in financial or personal gain is called: 
(Ans- fraud 
 
Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. 
(Ans- goods 
 
If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: 
(Ans- Enter into a Seller's Temporary Residential Lease 
 
The Buyer and Seller Temp...
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