Texas Promulgated Contract Forms: Ch. 6 Quiz

New Home Contract - Incomplete Construction

A local real estate developer is in the process of building a subdivision with 135 houses. A buyer who purchases one of these houses prior to the substantial completion date should use which of the following contracts...?

One to Four Family Residential Contract - Resale

The sale of a property within a subdivision, which includes a small house on it will use which contract...?

Substantial completion

Unless specified otherwise in the New Home Contract - Incomplete Construction, the ............date should not extend beyond the closing date?

Improvements

Unless specified otherwise, chandeliers are considered...?

All of the Above

Which of the following documents should a buyer read prior to signing the Residential Condominium Contract - Resale...? A) The condominium bylaws B) The rules of the condominium association C) The declaration of the condominium D) All of the Above

Unimproved Property Contract

Which of the following promulgated contracts should be used for the purchase of vacant land...?

The Resale Certificate

A condominium's owners association is responsible for delivering which document...?

Terminate the Contract

James is purchasing a farm outside of Dallas. If the sales price needs to be adjusted by more than 10% after reviewing the survey, James may do which of the following...?

Paragraph 2

The Residential Condominium Contract - Resale differs from the One to Four Family Residential Contract - Resale in which of paragraphs...?

Construction Documents

A property being purchased using the New Home Contract - Incomplete Construction, must be built according to the...?