WhiCh of the following is the best way to extend the closing date on a contract

Which of the following is the best way to extend the

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16. WhiCh of the following is the best way to extend the closing date on a contract? ·A. ChAAge the date on the original contract and have the buyer, seller and both agents initial. · R ChaRge the date on the original contract and have the buyer and seller initial and date the change. C. Simply cross out the old date and enter the new date and send a written notification of the change to ~ ~itle company. '\2)Jse the TREC 39-8 "AMENDMENT" and have the buyers and sellers sign. 17. How many resale certificates are currently promulgated by TREC? A.4 B.3 @ 0.1 18. For which of the follow!ng is there a TREC promulgated contract form? A.oA si*'-l.lnit apartment building j ~ B. A cemetery plot I' : '~ ~farm V r B: A A'lobile home park 19. An addendum must be referenced in the body of the contract to be valid and enforceable. A. True J (l, ®False ({\
31. According to the standard wording in the "Title Policy and Survey" paragraph of the contract, utility easements created by the dedication deed and plat of the subdivision in which the property is located will no~e a basis for objection. (\ J True I"'\} . False 32. Which of the following is not an essential element of a contract for the purchase of a one to four family residential resale property? A. Competent parties B. An acceptable legal description of the property C. Offer and acceptance @.>Earnest money 33. Which of the following is an example of a unilateral contract? -..A......A.residentiallease for a luxury apartment Q:) t; option to purchase or lease real estate general warranty deed A Deed of Trust with a Power of Sale clause 34. The sellers are accepting an offer from a buyer who wants to structure the agreement with a contingency on the sale of his currently listed property. The sellers want to be able to continue to show their home and consider other offers. If another offer is presented that is to their liking, they want to be able to give the buyer under the contract with the contingency exactly 24 hours to rer:nove the contin~ncy. How should the agreement be structured? A. Use the 20-13 contract form and attach the "Addendum for Sale of Other Property by the Buyer'' REG 10-6) and simply fill-in the blanks B. Use forms 20-13 and 10-6 but be sure to write "time is of the essence" in paragraph 11 to comply with the sellers wishes that the contingency be addressed in exactly 24 hours C. Have your company's attorney write the appropriate language to insert in paragraph 11 D. Have the seller's attorney structure the agreement for the buyer's signature

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