Promulgated Contract Forms Final Exam Questions And Answers Solved 100% Correct!!

Standard forms of TREC must be used unless: A) A broker or salesperson wishes to use a different form B) A principal in the transaction requests a different form to be used C) The listing broker disagrees with certain language in the contract D) A lender requires a different form to be used {Ans: Wrong A) A broker or salesperson wishes to use a different form wrong D) A lender requires a different form to be used}Any changes to the original contract once it is finalized and receipted must be done: A) At the title company on the original contract B) On an amendment C) On the 3rd Party Financing Addendum D) On a real estate change form {Ans: B) On an amendment}The TREC promulgated Seller Financing Addendum states that if the buyer does not furnish the required qualifying documentation with the time limit allowed, Seller may terminate the contract and keep the earnest money. A) True B) False {Ans: A) True}In a real estate transaction, a street address is considered sufficient to described the property being conveyed. A) True B) False {Ans: B) False}How does the Texas Real Estate License Act define the first face-to-face