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Review Test Submission: Module 1 TEST: Chapters 1-3UserCourse201910:14427-14428-14431 Contract Forms and Addenda (RELE 1300) 5CTestModule 1 TEST: Chapters 1-3Started11/18/18 10:16 AMSubmitted11/18/18 11:05 AMStatusCompletedAttempt Score96.66686 out of 100.0002 points Time Elapsed49 minutesResults DisplayedAll Answers, Submitted Answers, Correct Answers, Incorrectly Answered QuestionsQuestion 11.66667 out of 1.66667 pointsHow many promulgated contracts does TREC issue?Selected Answer:SixAnswers:FourSixEightNineQuestion 21.66667 out of 1.66667 pointsBuyer wants to submit an offer and has already been approved for financing. How should the TREC Third Party Financing Addendum be filled out?
Question 31.66667 out of 1.66667 pointsWhich paragraph of the TREC One to Four Family Residential Contract provides a breakdown of sellers’ and buyers’ expenses?Question 41.66667 out of 1.66667 pointsWhich of the following would NOT be considered a competent party?Question 51.66667 out of 1.66667 pointsWhen all of the parties to a contract agree to terminate it is said to be terminated bySelected Answer:mutual agreement.Answers:mutual agreement.
novation.codicil.severalty.Question 61.66667 out of 1.66667 pointsA licensee representing a seller is asked by that seller, “What does paragraph 5 of this TREC promulgated contract mean to me?” What is the best answer by that agent?