Texas Promulgated Contract Forms: Ch. 3 Quiz

Austin Holdings, LLC

Austin Holdings is a limited liability company, which is purchasing a residential property for the company. How should Austin Holdings' name appear on the purchase contract...?

Lead-Based Paint Addendum

Houses built prior to 1978 need to include which of the following addenda....?

Seller's Deed

John is a real estate agent who is preparing a contract for his client, the seller. Where should John look to find the name of the seller...?

Earnest Money

Paragraph 5 of the One to Four Family Residential Contract - Resale primarily deals with...?

Non-Realty Items

Personal property items are considered...?

Items of Personal Property that will Stay with the Property after Closing

The Non-Realty Items Addendum includes which of the following...?

All of the Above

The One to Four Family Residential Contract - Resale is used for which of the following properties...? - Tri-plex properties - Duplex properties - Single family homes - All of the above

Buyer's Name as Listed in the Purchase Contract

When a buyer takes title to a property, the name listed on the deed will match which of the following...?

Equity in the House

A reverse mortgage is paid back using which of the following...?

Buyer Moves into the Property Prior to Closing

A temporary lease is used when which of the following occurs...?