Which of the following sets out in detail the agreement between the buyer and

Which of the following sets out in detail the

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QUESTION# 9 Which of the following sets out in detail the agreement between the buyer and the seller and establishes the legal rights and obligations of both parties? a.Contract b.Offer c.Statutory law d.Constitution law
QUESTION# 10 An offer to purchase by a potential buyer is considered accepted when the
QUESTION# 11 A buyer makes an offer on a seller's house and the seller accepts it. Both parties sign the sales contract. At this point, the buyer has which type of title to the property?
The sales contract says the buyer will purchase only if an attorney approves the sale by the following Saturday. The attorney's approval is a
Once presented an offer from a prospective buyer, the seller can do any of the following EXCEPTa.accept it after making a counteroffer. b.accept it. c.reject it. d.make a counteroffer.
QUESTION# 14 When should a licensee present a written offer to a property owner?
No blanks should ever be left in a contract document because of the risk that someone might insert something later that was not actually agreed upon by the parties to the contract. Which of the following should be inserted into these blanks by the licensee?
QUESTION# 16 If the offer is acceptable to the seller, the offer is signed, dated, and returned to the buyer. It is now a contract for sale. If the offer is rejected, the offer is returned to the buyer marked
If a seller gave a letter to the listing agent with instructions not to deliver any offers for less than $250,000, and the listing agent receives an offer for $249,500, should he deliver it? a.The TREC allows the listing agent to reject this offer because the seller has given written approval. b.The TREC states that licensees must present all offers without exception. c.Present it to the seller without regard to the seller's written instructions to the contrary. d.According to the agency laws of Texas, the listing agent has the right to act for and on behalf of the client. The agent has the right to reject any offer he thinks is not in the best interest of the client.

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