Texas Promulgated Contract Forms notes

Texas Promulgated Contract Forms (Terms)

Texas Promulgated Contracts Exam Study Guide With Complete Solution 2023 According to the Addendum for "Back-Up" Contract, when must the option money be paid? ((Correct Ans:-Upon execution Real Estate Dealer's License Act (REDLA) ((Correct Ans:-Passed in 1939, it required real estate agents to obtain licenses. It was changed to the Texas Real Estate License Act in 1949 True or False: The seller would be the party of the first part and the buyer would be the party of the second part...

Champions Promulgated Contract Forms Questions Answered Correctly 2023 The five essential elements that must exist for a real estate sales contract to be considered valid and enforceable are: legal purpose, competent parties, mutual assent, consideration and ____________. (a) Signature of witnesses (b) In writing (c) Acknowledgment by a notary (d) Recording in county clerk's office ((Correct Ans:- (b) In writing If a contract has been entered into with a person who has been judged to ...

Texas Promulgated Contract Forms Questions (Answered) 100% 2023 An agreement that allows a tenant to purchase a property during the lease term. a. Promulgated forms b. Counteroffer c. Unauthorized practice of law d. Lease-purchase agreement e. Offeror ((Correct Ans:- D TREC-promulgated lease forms are for a term of no more than ________________ days. a. 180 b. 30 c. 90 d. 60 ((Correct Ans:- C A(n) ________________ is a rejection of the original offer coupled with a new offe...