Texas Promulgated Forms, Second Edition UpdateTexas Promulgated Forms, Second Edition UpdateChapter 3 Exam BankQUESTION# 1When property owned by a married couple is being sold, what is the BEST way to identify the sellers?a.Mr. and Mrs. Thomas Bud Smithb.Thomas Bud Smith and spouse Mary Ann Smithc.Thomas Bud Smith and his wifed.Thomas Bud Smith et vir Mary Ann Smith Show
QUESTION# 2Under the TREC Seller Financing Addendum, who pays to provide the buyer’s credit report to the seller? QUESTION# 3Which of the following is not negotiable in paragraph 23? QUESTION# 4Under the TREC Loan Assumption Addendum, who pays to provide buyer’s credit report to seller? QUESTION# 5What information is required in paragraph 12 of the TREC One to Four Family Residential Contract?a.Seller’s contribution to buyer’s expensesb.Amount of earnest money to be provided by the buyerc.Addresses for notices to be provided for buyer and sellerd.Specific repairs required by the buyer QUESTION# 6What information is NOT needed to complete paragraph 23 of the TREC One to Four Family ResidentialContract? Texas Promulgated Forms, Second Edition Updatec.Whether the option fee will be credited to the sales price at closingd.Whether the option fee is refundableQUESTION# 7What happens if buyer’s credit is not approved under the TREC Third Party Financing Addendum, and thebuyer gives timely notice to the seller? QUESTION# 8Sellers contribution to a residential service contract is addressed is which paragraph of the TREC One to FourFamily Residential Contract? QUESTION# 9Property approval, according to paragraph B2 in the Third Party Financing Addendum, includesa.the appraisal.b.lender-required repairs.c.insurability.d.all of these. 14. A buyer makes an all-cash offer of $168,000. How will paragraphs 3A, 3B, and 3C be filled out?a.3A is $168,000, 3B is $168,000, and 3C is $0.b.3A is $168,000, 3B is $0, and 3C is $168,000.c.3A is $0, 3B is $0, and 3C is $168,000.d.3A is $33,600, 3B is $134,400, and 3C is $168,000. 15. Under the TREC Loan Assumption Addendum, who gets the earnest money if the note holder fails toconsent to the loan assumption? Get answer to your question and much more 16. The down payment in a transaction is indicated Get answer to your question and much more accessories and are included in the sale unless specifically excluded. Accessories include window air conditioning units, stove, fireplace screens, curtains and rods, blinds, window shades, draperies and rods, door keys, mailbox keys, above ground pool, swimming pool equipment and maintenance accessories, artificial fireplace logs, and controls for: (i) garage doors, (ii) entry gates, and (iii) other improvements and accessories. sand. The mineral estate does not include water, sand, gravel, limestone, building stone, caliche, surface shale, near-surface lignite, and iron, but does include the reasonable use of these surface materials for mining, drilling, exploring, operating, developing, or removing the oil, gas, and other minerals from the property. How many days does the buyer have to terminate the contract under paragraph 23 of the one to four family residential contract quizlet?Who holds the earnest money while a contract is pending under the TREC One to Four family residential contract? A buyer promises to pay an option fee of $500 within three days of execution under paragraph 23 of the TREC One to four family residential contract to purchase a 12- day option to terminate.
Which of the following is included in paragraph 2 of the TREC one to four family residential contract?Which of the following is included in paragraph 2 of the TREC One to Four Family Residential Contract? The answer is excluded fixtures and accessories.
When may a buyer's offer to buy real estate be withdrawn?Until both parties have come to an agreement on all the contract terms and actually signed the purchase agreement such that you're in contract, neither of you are legally bound to anything, and you can withdraw your offer without any problem.
Which of the following is not negotiable in paragraph 23?Which of the following is not negotiable in paragraph 23? The answer is how long the buyer has to provide the option fee. The buyer must provide the option fee within three days after the effective date of the contract. The time period is not negotiable.
|
A buyer makes an all-cash offer of $168,000. how will paragraphs 3a, 3b, and 3c be filled out?
zusammenhängende Posts
Urheberrechte © © 2024 defrojeostern Inc.
