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Aceable Agent - Promulgated
Contracts
Oil And Gas Attorney - ️ ️ If There Are Questions About Mineral Rights, Who Should Be Asked The Questions? No / Buyer - ️ ️ Does The Notice Of Buyer's Termination Contract Address Earnest Money? Who Signs This Contract? Addendum For Back-Up Contract - ️ ️ Which Addendum Allows A Seller To Simultaneously Negotiate With A Second Buyer In Case The First One Falls Through? Yes - ️ ️ Are A Landlord's Rules Against Smoking On A Property Legal?
Local Laws & Housing Providers - Correct A ️ ️ Who Creates Occupancy Standards? No, Only Suggested Guidelines - ️ ️ Does Hud Create Official Rules For Occupancy Standards?
Of Pets - ️ ️ What Is Not Considered
When Hud Reviews Fair Housing Complaints? 7d(2) - ️ ️ Which Paragraph Indicates Repairs That Must Be Completed By The Seller Before Closing? 6b - ️ ️ Which Paragraph Indicates That Any Restrictive Covenants Along With The Title Policy Documents Must Be Provided To The Buyer? Familial Status - ️ ️ If A Property Is Occupied Solely By People Over The Age Of 62 And Qualifies As Senior Housing, They Are Exempt From What?
Unit Number - Correct Answ ️ ️ What Does A Residential Condominium Contract Require In The Legal Description Of The Property? Earnest And Option Money - ️ ️ What Two Sections Of Trec's Promulgated Contracts Contain "Time Is Of The Essence" Language? Title Company - ️ ️ There Is No Mutual Termination Form For Both Parties, So Who Can Provide Each Party With A Form To Sign That Will Go Over Earnest Money. True - ️ ️ T/F? Once An Offer Is Countered, It's Considered Rejected And Dead. Lead Based Paint Addendum - ️ ️ What Must The Broker Keep A Copy Of For Three Years After A Sale? Yes - ️ ️ Do Changes To A Contract Have To Be Initialed?
7d - ️ ️ What Paragraph Covers A Buyer Accepting A Property "With Any And All Defects And Without Warranty"? Or An "As Is" Condition? "Shortage In Area" - ️ ️ What Does Paragraph 6a8 Refer To? Yes - ️ ️ Is "Receipt Of Public Income" A Protected Class According To Fair Lending Laws? Three Days - ️ ️ How Many Days Does Earnest Money Have To Be Delivered By? 7a - ️ ️ Which Paragraph Grants The Buyer The Right To An Inspection? Texas Property Code - Correct Answer ️ ️ A Seller's Disclosure Notice Is A Requirement Of What? T-47 Residential Real Property Affidavit - ️ ️ What Form Should Be Used When A Seller Wants To Use An
Financing Contengency - ️ ️ What Does The Third Party Financing Addendum Outline? Forever - ️ ️ How Long Does A Murder/Suicide Need To Be Disclosed On A Property? B2 - ️ ️ In What Part Of The Reservation Of Oil, Gas And Other Minerals Addendum Should A Seller's Percentage Be Provided If They Decided To Keep A Part? Paragraph 9 - ️ ️ What Paragraph In The 1-4 Fam Res Agreement Does It Note The "On Or Before" Closing Date? No - ️ ️ Is The Seller's Disclosure Notice Promulgated By Trec? Lawyer - ️ ️ Who Should Create The Documents For A Buyer Who Wants To Present An Offer "Lease Option To Buy"?
3 Days - ️ ️ How Many Days Does The Seller Have To Furnish A New Survey To The Buyer Prior To Closing? Para 6e(1) Tar's Buyer Representation Agreement Notice To Prospective Buyer - ️ ️ Where Is A Copy Of The Title Notice Found? Only Trec - ️ ️ Are The Members Of The Broker-Lawyer Committee Or Members Of Trec Appointed By A Governor? Present Condition - ️ ️ If Nothing Is Added To Paragraph 7d, The Buyer Is Accepting The Property In What Condition? 4 Years - ️ ️ What Is The Statute Of Limitations From The Discovery Date Of Fraud Or Misrepresentation Of A License Holder?
Void - ️ ️ If 2 People Have A Legal Contract For One Party To Sell Illegal Drugs To The Other Party, This Contract Would Be _______________? Earnest Money - ️ ️ Paragraph 5 In A Sales Contract? Option Money - ️ ️ Paragraph 23 In A Sales Contract? Doctrine Of Laches - ️ ️ Legal Loss Of A Right With The Thought That "If You Don't Use It, You Lose It." Effective Date - ️ ️ A Written Contract Has Been Accepted, Signed, And Communicated To The Other Party. Parole Evidence Rule - ️ ️ Prevents A Party To A Written Contract From Presenting Additional Evidence That Adds To The Written
Parole Evidence Rule - ️ ️ Prevents A Party License Act - ️ ️ If A Licensed Agent Uses An Old Promulgated Trec Form, What Is This In Violation Of? Paragraph 2d Exclusions - ️ ️ If A Seller Does Not Want To Leave A Chandelier Where Should They Put This Information In The 1-4 Family Residential Contract? Non-Realty Items Addendum - ️ ️ What Addendum Can You Attach To The Sales Contract If Your Client Wishes To Have Additional Personal Property To Stay With The Property (That Is Not Listed In Paragraph 2b Or 2c)? Ltv Ratio - ️ ️ Loan To Value Ratio That Represents How Much Of The Sales Price Is Covered By The Mortgage Loan.
Restrictive Covenant - ️ ️ Provision In A Deed Limiting The Use Of Property And Prohibiting Certain Uses.
- Standard Printed Exception As To Marital Rights
- Standard Printed Exception For Standby Fees, Taxes, And Assessments
- Restrictive Covenants (Deed Restrictions) Common To The Platted Subdivision - ️ ️ What Are Examples Of Exceptions Of The Title Policy? Residential Real Property Affidavit - ️ ️ A Form That Is Completed By The Seller To Assure The Buyer That They Haven't Changed The Boundaries Of The Property Since The Last Survey Was Completed. Both Parties Negotiate - ️ ️ According To The 1-4 Family Residential Agreement Who Is Responsible To Pay For The Owner's Title Policy, The Seller Or Buyer?
2nd Business Day, Close Of Business - ️ ️ When Should An Agent Deposit An Earnest Money Check With An Escrow Agent? Default - ️ ️ If The Buyer Fails To Deposit The Earnest Money On Time, They Will Be In ____________? 15 Days - Corr ️ ️ How Many Days Does A Seller Have To Cure A Valid Objection Listed By The Buyer In Paragraph 6d? List In Paragraph 6d As A Valid Objection - ️ ️ If The Agent Isn't Sure Of Restrictions Of The Property, How Can An Agent Protect The Buyer And Give Them An Out Under The Contract? True - ️ ️ T/F? If There Is An Active Lease On The Property When The Property Is Transferred, The Seller Needs
New Home Contract (Complete Construction) - Correct Answer ️ ️ Which Contract Would You Use For A Brand New Constructed Home? Buyer - ️ ️ If A Buyer Wants To Buy A Property That Was Once Zoned For Farming, But Wants To Change To Residential, Who Is Responsible For The Rollback Taxes Charged For New Zoning Of Property? 10% - ️ ️ If A New Survey Is Completed On A Farm Or Ranch, At What Percentage Of The Sales Price Increase Or Decrease Of The Property Can Either Party Of The Contract Terminate Due To The Price Change? Unimproved Property Contract - Correct ️ ️ The Seller Of Unimproved Property Provides A Disclosure In The _____________________?
Unimproved Property Contract - ️ ️ Which Contract Should Not Be Used For Transactions That Include Land Used For Ranching Or Farming, And Where Surface Leases And Mineral Estates May Exist. Unimproved Property Contract - ️ ️ Which Contract Could Be Used For Commercially Zoned Land In Urban Areas Or Smaller Rural Tracts? Property Description - ️ ️ Paragraph 2 Is Always Used For What? Farm And Ranch - ️ ️ Which Contract Has A Place For Exception Documents And Surface Leases? One To Four Family Residential Contract - ️ ️ Which Contract Would An Agent Use To Sell A Townhouse? Contingency Addendum / Addendum For Sale Of Other Property By Buyer - ️ ️ What Addendum Do You
On 2nd Business Day After Original Effective Date - Correct ️ ️ In A Short Sale, When Does The Earnest Money Need To Be Delivered To The Title Co? Within 3 Days Of The Original Effective Date - Correct Answer ️ ️ In A Short Sale, When Does The Option Money Need To Be Delivered To The Seller Or Seller's Agent? On Original Effective Date - ️ ️ When Does The Right To Terminate Begin In A Short Sale Addendum? Notice Of Buyers Termination Contract - ️ ️ If A Buyer Is Exercising The Unrestricted Right To Terminate The Contract Under Paragraph 23 Of The Contract, They Are Using What Contract? Homeowners Association - ️ ️ Who Is Meant To Complete The Subdivision Information?
Short Sale Addendum - ️ ️ Which Addendum Is Used When The Transaction Is Contingent Upon The Approval Of The Seller's Lender? Three Days - ️ ️ How Long Does A Buyer Have To Terminate A Contract After They Receive An Addendum For Property Subject To Mandatory Membership In An Owner's Association? Close End Of Month - ️ ️ How Can Buyers Avoid Paying Extra Prepaid Interest To The Mortgage Company? Seller - ️ ️ Who Does The Short Sale Addendum Protect? C2 - ️ ️ Which Paragraph On Lead Based Paint Disclosure States That The Buyer Has 10 Days To Have The Property Inspected?
