Texas Promulgated Contract Forms: Ch. 2 Quiz

Any of the Above

A seller can respond to an offer in which of the following ways...? - Accept the offer - Make a counter-offer - Reject the offer - Any of the above

Unauthorized practice of law

David is a real estate agent who was recently hired to sell Andrew's home. As a curtesy, David offers to help Andrew draft a sales contract. David may be in violation of which of the following...?

Any of the Above

Once a seller receives an offer, the seller can do which of the following...? - Reject the offer - Accept the offer - Make a counter-offer - Any of the above

Binding

Once an offer is accepted by a seller and the sales contract is signed, the contract becomes...?

Providing opinions as to the condition of title

Which of the following actions by an agent may be considered as unauthorized practice of law...?

The Broker/Lawyer Committee

Which of the following originally drafts the promulgated contract forms...?

Any of the Above

A binding contract between a buyer and seller must include which of the following...? - Must be in-writing - Signed by all parties - There must be a mutual agreement between the parties - All of the above

The seller accepts an offer and the parties enter into a binding contract

Curtis is a real estate agent who represents a seller in a transaction. Curtis must present all offers to the seller until what occurs...?

All of the Above

TREC has promulgated which of the following types of forms...? - Real estate sales contracts - Addenda - Consumer Disclosures - All of the above

Fill-out a promulgated contract form the way it was intended

A real estate agent is NOT in violation of the unauthorized practice of law if they do which of the following...?