RELE 1300 - Chapter 3 Quiz.pdf - RELE 1300 Contract Forms Addenda Chapter 3 Quiz 1 When property owned by a married couple is being sold what is the

RELE 1300 - Chapter 3 Quiz.pdf - RELE 1300 Contract Forms...

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RELE 1300 Contract Forms & Addenda Chapter 3 Quiz 1. When property owned by a married couple is being sold, what is the BEST way to identify the sellers? a. Mr. and Mrs. Thomas Bud Smith b. Thomas Bud Smith and spouse Mary Ann Smith c. Thomas Bud Smith and his wife d. Thomas Bud Smith et vir Mary Ann Smith 2. Under the TREC Seller Financing Addendum, who pays to provide the buyer’s credit report to the seller? 3. Which of the following is not negotiable in paragraph 23? 4. Under the TREC Loan Assumption Addendum, who pays to provide buyer’s credit report to seller?5. What information is required in paragraph 12 of the TREC One to Four Family Residential Contract? a. Seller’s contribution to buyer’s expensesb. Amount of earnest money to be provided by the buyer c. Addresses for notices to be provided for buyer and seller d. Specific repairs required by the buyer 6. What information is NOT needed to complete paragraph 23 of the TREC One to Four Family Residential Contract?
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