Category A
Under the Statute of this, contracts for the conveyance of ownership in real estate must be in writing to be enforceable.
What is Frauds?
A contract is a legally enforceable, binding this between two or more parties.
What is Agreement?
Seller's lead-based paint disclosure notice is required for residential property constructed prior to this year.
What is 1978?
This is a rejection of the offer.
What is Counteroffer?
This type of contract is binding against one part but not against the other party.
What is Voidable?
This five word phrase in a sales contract means that the time limits set by the contract must be faithfully observed or the contract is voidable. (five words)
What is Time Is Of The Essence?
Earnest money must be deposited by 11:59 pm on this calendar day.
What is 3rd (third)?
This paragraph authorizes payment of the option fee to the escrow agent separately or combined with earnest money in a single payment.
What is Paragraph 5 (five)?
What is Good Faith?
A condition in a contract that has not been met is called this.
What is Contigency?
This is a contract based upon a promise exchanged for a promise.
What is Bilateral (Contract)?
This contract only binds one party--a promise for performance.
What is Unilateral?
The Texas Real Estate Broker-Lawyer Committee is composed of this many members total.
What is 13?
The amount of earnest money deposit paid by the purchaser is determined by this.
What is Negotiation?
Although a tenant does not hold rights to real property (rights of possession but not rights of ownership), a leasehold estate is typically considered for this type of property.
What is Personal?
All contracts are either this or this. (two words)
What is Executory or Executed?
The seller is not required to complete any and all of these of the buyer within the option period.
What are Requests?
This communicated means that the agent must exhaust all means of communication (email, text, calling, etc.) to be considered communicated.
What is Acceptance?
There is no requirement that this money be given to create a valid contract.
What is Earnest?
This type of title is an interest held by one party to purchase property before closing. The buyer obtains this upon execution of the contract.
What is Equitable?
The Texas Real Estate Broker-Lawyer Committee was created in this year, and it drafts and revises contract forms for use by real estate licensees.
What is 1983?
This in contract law is simply the exchange of one thing of value for another.
What is Consideration?
When property is sold by means of this type of contract, the seller retains title.
What is Installment?
This paragraph number of the One to Four Family Residential Contract (Resale) gives you information about the land, improvements and accessories.
What is Paragraph 2?