Trec promulgated Study guides, Class notes & Summaries
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Promulgated Contract Forms (Exam Review) Questions and Answers (Graded A)
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Promulgated Contract Forms (Exam Review) Questions and Answers (Graded A) 
 
Promulgated Contract Forms (Exam Review) Questions and Answers (Graded A) 
 
Promulgated Contract Forms (Exam Review) Questions and Answers (Graded A) 
 
TREC contract forms and their uses - ANSWER-- Sales Contracts: 
1) One-to-Four Family Contract (Resale) 
2) New Home Contract (Incomplete Construction) 
3) New Home Contract (Completed Construction) 
4) Unimproved Property Contract 
5) Residential Condominium Contract ...
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Texas Promulgated Contracts-CHAMPIONS STUDY Questions with Complete Solutions Latest Updated 2024/2025
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Texas Promulgated Contracts-CHAMPIONS STUDY Questions with Complete Solutions Latest Updated 2024/2025 
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 b...
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Texas Promulgated Contracts Champions Exam Questions With Answers | Latest Update (Graded 2023/2024)
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Texas Promulgated Contracts Champions Exam Questions With Answers | Latest Update (Graded 2023/2024). According to the TREC contract, accessories include: 
(a) Refrigerators 
(b) Stoves 
(c) Washing machines 
(d) Gas dryers 
A 
Exclusions to the sale must be removed 
(a) Prior to delivery of possession 
(b) At the convenience of the seller 
(c) When the offer becomes a binding contract 
(d) Two days prior to closing 
A 
The loan amount in Paragraph 3.B. of the sales contract includes: 
(a) The a...
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Promulgated Contract Forms
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Madison is writing up a contract on a townhouse unit for which the buyer will have fee simple ownership and pay a monthly HOA for the upkeep on common areas. Which promulgated contract should she use? 
a) Residential Condominium Contract 
b) Unimproved Property Contract 
c) One to Four Family Residential Contract 
d) Residential Townhome Contract - Answer- c) One to Four Family Residential Contract 
 
TREC has promulgated forms for most ___. 
a) Lease purchase transactions 
b) Cooperatives 
c) C...
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Law of Contracts - Champions School of Real Estate: Questions & Answers: Updated Solution
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TERLA 
(Ans- 
 - Texas Real Estate License Act 
 
- Created in 1939 
 
TREC 
(Ans- 
- Texas Real Estate Commission 
 
- Created in 1949 to administer/enforce TERLA 
 
Real Estate Center 
(Ans- 
- Located at Texas A&M University 
 
- Created in 1970 
 
TREC-Promulgated Forms/Leases (Residential): 
(Ans- 
- One-to-Four Family Residential Contract (Resale) 
 
- New Home Contract (Completed Construction) 
 
- Residential Condo Contract (Resale) 
 
- New Home Contract (Incomplete Construction)...
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Champions Real Estate Exam Prep (Texas) | 100% Correct Answers | Verified | Latest 2024 Version
- Exam (elaborations) • 67 pages • 2024
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In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - 
1949 
TREC has only _______ promulgated lease forms. - 2 
promulgated form 공포된 양식 
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 - d. both a and b 
The _______ statute provides that the sender's message must contain clear an...
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Champions Real Estate Exam Prep (Texas) 2024
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In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - correct answer 1949 
 
TREC has only _______ promulgated lease forms. - correct answer 2 
promulgated form 공포된 양식 
 
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 - correct answer d. both a and b 
 
The _______ statute pr...
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Promulgated Contracts Champions Study Guide |206 Questions with Complete Solutions
- Exam (elaborations) • 15 pages • 2024
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Promulgated Contracts Champions Study Guide |206 Questions with Complete Solutions 
 
Promulgated Contracts Champions Study Guide |206 Questions with Complete Solutions 
 
Promulgated Contracts Champions Study Guide |206 Questions with Complete Solutions 
 
Promulgated Contracts Champions Study Guide |206 Questions with Complete Solutions 
 
 
Cashiers check or wire transfer - ANSWER-Good Funds 
 
What does a buyer need to bring to closing? - ANSWER-Good Funds 
 
Where is Good Funds in the TREC ...
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Law of Contracts Practice Exam Champions Questions and 100% Correct Answers
- Exam (elaborations) • 16 pages • 2023
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Law of Contracts Practice Exam Champions Questions and 100% Correct Answers 
Law of Contracts Practice Exam Champions (100% Correct) In ______the Texas Real Estate Commission was established to administer and enforce the TRELA. a. 1939 b. 1929 c. 1949 d. 1993 - c. 1949 TREC has only _______ promulgated lease forms. a. 1 b. 2 c. 3 d. 4 - b. 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...
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Texas Promulgated Contracts-CHAMPIONS STUDY
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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 - 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 - Answer- A 
 
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