Texas Promulgated Contract Forms: Ch. 7 Quiz

Seller's net proceeds

According to the Short Sale Addendum, the sales price minus the seller's full closing costs equals the...?

Addendum For Coastal Area Property

If a buyer is purchasing a property adjacent to coastal waters, what form must be included with the purchase contract...?

Seller needs to release the buyer's earnest money

If both parties sign the Notice of Buyer's Termination of Contract, what still remains to be done...?

Both parties

In order for a broker to represent both parties in a transaction, the broker must obtain the written agreement from...?

All of the Above

In order to avoid disputes, which of the following should be in writing and clearly established...? A) The broker's duties and responsibilities to the client B) Who pays the broker's commission C) How the broker's commission is calculated D) All of the above

Texas Real Estate Consumer Notice Concerning Hazards or Deficiencies

Which of the following forms are NOT promulgated...?

Items of personal property to be included with the sale of the property

Which of the following items should be included in the Non-Realty Items Addendum...?

Information About Brokerage Services Form

Which form describes a broker's minimum required duties by law...?

The seller

Unless otherwise stated in the Seller's Temporary Residential Lease, who shall bear the cost of all expenses for the repairs and maintenance of the property during the term of the lease...?

Licensed state land surveyor

The boundary of a property adjoining coastal waters is subject to change and can only be determined accurately by a...?