Texas Promulgated Contract Forms Ch 6 All Sections

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Raw land

The Unimproved Property Contract should be used to purchase which of the following...?

6

The buyer of a condominium may terminate the contract within ......... days of receiving the condominium's bylaws, if the buyer received the bylaws after signing the contract?

2B1

Farm and ranch improvements are discussed in paragraph ..........of the Farm and Ranch Contract?

8

How many title notices are provided in paragraph 6D of the Residential Condominium Contract - Resale...?

Dollars per acre

If the sales price on a farm needs to be adjusted after the buyer reviews the survey, the sales price will be adjusted on what basis...?

Improvements Accessories Exclusions

Paragraph 2 of the Unimproved Property Contract lacks which of the following as compared to the One to Four Family Residential Contract - Resale...?

License holder disclosure

Paragraph 4 of the Residential Condominium Contract - Resale describes which of the following...?

15

According to paragraph 6 of the Residential Condominium Contract - Resale, the seller is given .......days to cure any objections from the buyer?

T (True)

According to the Farm and Ranch Contract, unless otherwise agreed upon in writing, the seller has the right to harvest all growing crops until delivery of possession of the property...?

Reduce the sales price

According to the New Home Contract - Incomplete Construction, any change orders by the buyer which result in a decrease of construction costs will...?

Construction is complete and all required inspections and approvals have been obtained

According to the New Home Contract - Incomplete Construction, the Substantial Completion Date occurs when...?

Any flooding of the property Any environmental hazards Any wetlands affecting the property

According to the Seller's Disclosures in the Unimproved Property Contract, the seller is said to have no knowledge of which of the following...?

Windmills Barns Sheds

Which of the following are considered farm and ranch improvements...?

Ceiling fans wall-to-wall carpeting Plumbing fixtures

Which of the following are considered improvements within a condominium unit...?

Farm and Ranch Contract. Residential Condominium Contract - Resale. One to Four Family Residential Contract - Resale

Which of the following contracts should NOT be used when purchasing raw land....?

New Home Contract - Incomplete Construction

Which of the following contracts should be used to purchase a new house currently being built...?

Residential Condominium Contract - Resale

Which of the following contracts should be used when purchasing a condominium apartment...?

Construction Documents Buyer's Selections Cost Adjustments

Which of the following is added in paragraph 7 of the New Home Contract - Incomplete Construction, which is NOT included in the One to Four Family Residential Contract - Resale...?

Window air conditioning unit Stove Door keys

Which of the following is considered an accessory to a condominium unit...?

Warranties

Which of the following is included in paragraph 7 of the New Home Contract - Completed Construction, which is NOT included in the One to Four Family Residential Contract - Resale...?

Hunting blinds Fuel tanks Game feeders

Which of the following may be considered farm and ranch accessories...?

Paragraph 2 Paragraph 7 Paragraph 13

Which of the following paragraphs in the New Home Contract - Completed Construction deviates from the One to Four Family Residential Contract - Resale...?

Paragraph 2

Which of the following paragraphs in the Unimproved Property Contract deviates from the One to Four Family Residential Contract - Resale...?

7B

Which of the following sub-paragraphs of the New Home Contract - Completed Construction describes Acceptance of Property Condition...?

7D

Which of the following sub-paragraphs of the New Home Contract - Completed Construction describes Insulation...?

Texas Agricultural Development District

Which of the following title notices are included in the Unimproved Property Contract but not the One to Four Family Residential Contract - Resale...?

The buyer

Who is responsible for paying any deposits for reserves required at closing by a condominium's association...?

Property and condominium documents

Paragraph 2 of the Residential Condominium Contract describes which of the following...?

Condominium

A form of ownership of real property recognized in all states that consists of individual ownership of some aspects and co-ownership in other aspects of the property.

Condominium

A form of ownership of real property that consists of individual ownership of some aspects and co-ownership in other aspects of the property is known as a...?

Farm and Ranch Contract

Agricultural properties will use which of the following promulgated contracts...?

Buyer

Any increase in costs from change orders by the buyer, beyond the specified allowance, will be paid by the...?

Seller

Any special condominium assessments due and unpaid at closing will be the obligation of the...?

The parties

Paragraph 1 of the Residential Condominium Contract describes which of the following...?

Settlement and other expenses

Paragraph 12 of the Residential Condominium Contract describes which of the following...?

R-Value

The effectiveness of building insulation is measured in...?

New Home Contract - Completed Construction

The notice regarding Chapter 27 of the Texas Property Code for construction defects is included in which of the following contracts...?


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