Law of Contracts - Champions School of Real Estate EXAM fully
solved & updated (latest version verified for accuracy) (Questions +
Answers) Solved 100% Correct!!
TERLA - (ANSWER)- Texas Real Estate License Act
- Created in 1939
TREC - (ANSWER)- Texas Real Estate Commission
- Created in 1949 to administer/enforce TERLA
Real Estate Center - (ANSWER)- Located at Texas A&M University
- Created in 1970
TREC-Promulgated Forms/Leases (Residential): - (ANSWER)- One-to-Four Family Residential Contract
(Resale)
- New Home Contract (Completed Construction)
- Residential Condo Contract (Resale)
- New Home Contract (Incomplete Construction)
- Unimproved Property Contract
, Law of Contracts - Champions School of Real Estate EXAM fully
solved & updated (latest version verified for accuracy) (Questions +
Answers) Solved 100% Correct!!
- Farm and Ranch
(Note: TREC has promulgated contract addenda and other forms, listed on Thepage 18)
Four categories of unlawful trade practices are: - (ANSWER)1 - Misleading or deceptive conduct
employed by any person that was relied upon by the consumer to the consumer's detriment
2 - Breach of express or implied warranties
3 - Violation of the Texas Insurance Code (Chpt 51)
4 - An unconscionable action or course of action by any person
Physical Characteristics of Land - (ANSWER)- Indestructibility: cannot be destroyed
- Immobility: cannot be moved
- Non-homogeneity: no two parcels are the same
Economic Characteristics of Land - (ANSWER)- Scarcity: supply and demand
- Modification: value is affected by man made changes
solved & updated (latest version verified for accuracy) (Questions +
Answers) Solved 100% Correct!!
TERLA - (ANSWER)- Texas Real Estate License Act
- Created in 1939
TREC - (ANSWER)- Texas Real Estate Commission
- Created in 1949 to administer/enforce TERLA
Real Estate Center - (ANSWER)- Located at Texas A&M University
- Created in 1970
TREC-Promulgated Forms/Leases (Residential): - (ANSWER)- One-to-Four Family Residential Contract
(Resale)
- New Home Contract (Completed Construction)
- Residential Condo Contract (Resale)
- New Home Contract (Incomplete Construction)
- Unimproved Property Contract
, Law of Contracts - Champions School of Real Estate EXAM fully
solved & updated (latest version verified for accuracy) (Questions +
Answers) Solved 100% Correct!!
- Farm and Ranch
(Note: TREC has promulgated contract addenda and other forms, listed on Thepage 18)
Four categories of unlawful trade practices are: - (ANSWER)1 - Misleading or deceptive conduct
employed by any person that was relied upon by the consumer to the consumer's detriment
2 - Breach of express or implied warranties
3 - Violation of the Texas Insurance Code (Chpt 51)
4 - An unconscionable action or course of action by any person
Physical Characteristics of Land - (ANSWER)- Indestructibility: cannot be destroyed
- Immobility: cannot be moved
- Non-homogeneity: no two parcels are the same
Economic Characteristics of Land - (ANSWER)- Scarcity: supply and demand
- Modification: value is affected by man made changes
