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Law of Contracts
> RESPA - rules and prohibitions > Flashcards
RESPA - rules and prohibitions Flashcards
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Law of Contracts
(20 decks)
Default Remedies
Leases and the "right of first refusal"
Default - Types of Damages
TVLB programs and provisions
Physical characteristics of land
Economic characteristics of land
What agents need to do when offer received
Title policy, abstracts, commitments, opinion of title
Option Contracts
Paragraph 11 – Special Provisions – what can an agent write
Proration & prorated items
Government rights in land (PETE)
Offers, counteroffers, rejections, acceptance
Real Property vs. Personal Property
Statute of frauds - rules and exceptions
Limits on title - claims, liens and charges
TREC temporary lease agreements & features
Real & personal property transfer documents
RESPA - rules and prohibitions
Paragraph 11 - legal vs. illegal entries
