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Texas Promulgated Contracts CHAMPIONS Exam 2022-2023.
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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 - 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 been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilateral 
 
(d) Void - CORRECT ANSWER A
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PROMULGATED CONTRACT FORMS FINAL EXAM REVISED VERSION 2023
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When a "fixture" in a property does not remain for the buyer, how do we inform the buyer of that fact and make sure the item does not convey with the property? 
 
 
Paragraph 23 "termination option" of the TREC 1-4 Family Residential Contract: 
 
 
 
If a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: 
 
 
 
If a Buyer chooses not to be represented by an agent, the Buyer must be made aware that any information they share can be commun...
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Texas Promulgated Contract Forms Exam Latest 2023/2024
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Texas Promulgated Contract Forms Exam
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Texas Promulgated Contract Forms
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Texas Promulgated Contract Forms (Terms)
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TEXAS ALL INCLUSIVE
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TEXAS ALL INCLUSIVE