Realestateu texas - Study guides, Class notes & Summaries

RealEstateU Texas Real Estate Principles Part 1 Final Exam 2024 100% Graded A 20242025

The execution of a contract by which the contracting parties are automatically discharged of their obligations under it is known as...? - Performance Which of the following is an example of consideration? - Money, personal services, cash A State law requiring certain contracts to be in writing and signed before they will be enforceable at law is known as the? - Statute of Frauds Which of the following is an example of a forbearance contract? - Options contract A valid contract must be ____...

The amount of goods offered for sale within a given market at a given price during a given time period. correct answer: supply A property manager is an example of what type of agent? correct answer: General Agent A real estate agent is an example of what type of agent? correct answer: Special Agent The general uses of real property include the following: correct answer: Residential, Commercial, and Industrial A means of comparing similar type properties would have recently sold t...

RealEstateU Texas Real Estate Principles Part 1 Final Exam Questions and Answers 2023/2024| 100% Correct Verified Answers

RealEstateU- Texas Promulgated Contract Forms CHAMPIONS STUDY 2024 Questions with 100% Correct Answers Verified Latest Update 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 ANS B 2. 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

REALESTATEU: TEXAS REAL ESTATE PRINCIPLES PART 1 FINAL EXAM 2024/2025

RealEstateU Texas Real Estate Principles Part 1 Final Exam 2024 Questions with 100% Correct Answers | Updated & Verified

RealEstateU- Texas Law of Contracts 2024 Questions with 100% Correct Answers Verified Latest Update At a closing Buyer Betsy and George were provided a deed to transfer theproperty to them from the seller. What type of deed would Buyer Betsy and George most likely receive from the seller at closing if there were no issuesat all with the title of the property? ANS General Warranty Deed 2. When transferring the property to Buyer Betsy and George the seller wouldneed to sign the deed as the a...

RealEstateU Texas Real Estate Principles Part 1 Final Exam Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts

Salesperson's Sponsoring Broker correct answer: a real estate salesperson closes on a transaction, who pays the salespersons commission? General Agent correct answer: An agent with full authority over one property of the principle. EX: Property Manager. Supply correct answer: Te amount of goods offered for sale within a given market at a given price during a given period. Specific Agent correct answer: Agent with limited authority to act on behalf of the principal, such as a listin...